President-elect of the United States Joe Biden today announced the composition of the future White House economic team, including the name of Janet Yellen as secretary of the Treasury.
For Yellen's team, Biden also appointed Wally Adeyemo as deputy secretary of the Treasury; Neera Tanden as director of the Management and Budget office; Cecilia Rouse as chairman of the Council of Economic Consultants and Jared Bernstein and Heather Boushey as members of the Council of Economic Consultants.
We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children.
As Treasury Secretary, I will work every day towards rebuilding that dream for all.
- Janet Yellen (@JanetYellen) November 30
"As we begin to work to control the new coronavirus, here is the team that will provide immediate economic support to Americans during this economic crisis and that will help us rebuild our economy, making it stronger than ever," wrote Joe Biden in a statement, confirming the appointment of Janet Yellen, who will be the first woman to head the Treasury, if confirmed for the position by the Senate.
In recent days, Republicans in Congress have shown signs that they should oppose the confirmation of several of the names Biden nominated, without yet giving reasons for their rejection.
Yellen will inherit an economy with very high levels of unemployment due to the economic crisis caused by the covid-19 pandemic, growing threats to small and medium-sized enterprises and signs that consumers are withdrawing from the economic indicators.