

Tune in tomorrow for the launch of the Atlantic Council’s GeoEconomics Center, which will feature a conversation with European Central Bank President Christine Lagarde.

She’d be the first woman of color in the role. Biden also selected Neera Tanden, president of the Center for American Progress, to run the Office of Management and Budget.Yellen, this may be the most internationally minded leadership team in the department’s history.”īuilding an administration that looks like America “Adeyemo has a history of working with the International Monetary Fund through its reform process and reaching out through the G7 and G20 on coordinating economic stimulus. His nomination is another signal that the new administration will “make international economics a priority,” Josh says. Adewale “Wally” Adeyemo, a Nigerian-born expert in global economics, is Biden’s choice to serve as Yellen’s deputy.“Wage growth in particular has been an area of focus for this team in the past, so I would not be surprised to see a push for a fifteen dollar national minimum wage become a major piece of Biden’s domestic economic agenda.” “They will look for policies that boost employment for those hardest hit by COVID-19,” Josh tells us.They include Princeton’s Cecilia Rouse, the nominee for CEA chair, who would become the first black woman to head the Council, as well as Jared Bernstein and Heather Boushey, who had been advising Biden during his campaign. Josh sees Biden’s selections for the Council of Economic Advisers as another push in the same direction. We explained in a previous edition how Biden’s choice of Janet Yellen to head the Treasury Department would elevate a proponent of inclusive growth.You can expect less focus on debt and deficits from this group despite an increase in those concerns from Capitol Hill.”
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