Biden expected to announce economic team

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President-elect Joe Biden is expected in the coming days to name several of his most senior economic advisers, a group that includes several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations.

The Biden campaign has not yet announced the picks, but these are some of the individuals he’s expected to select to high-profile positions on his economic team, according to people familiar with the transition process

Janet Yellen would become Treasury secretary.

Yellen became Federal Reserve chair in 2014 when the economy was still recovering from the recession. In the late 1990s, she was President Bill Clinton’s top economic adviser during the Asian financial crisis. Under Biden she would lead the Treasury Department with the economy dealing with the pandemic.

If confirmed, Yellen would inherit an economy with still-high unemployment caused by the pandemic shutdown.

Near Tanden would become Office of Management and Budget director. She is the president and CEO of the liberal think tank Center for American Progress. She was the director of domestic policy for the Obama-Biden presidential campaign.

Tanden served as policy director for Hillary Clinton’s 2008 presidential campaign. Before that, she served as legislative director in Clinton’s Senate office and deputy campaign manager and issues director for Clinton’s 2000 Senate campaign. She also served as a senior policy adviser in the Bill Clinton administration.

Brian Deese would become director of the White House National Economic Council. Deese, a former senior economic adviser in the Obama administration and now the managing director and global head of sustainable investing at BlackRock, would be the top economic adviser in the Biden White House. He worked on the auto bailout and environmental issues in the Obama White House, where he held the title of deputy director of both the NEC and the OMB.

Chairwoman of the Council of Economic Advisers would be Cecilia Rouse is a labor economist and head of Princeton University’s School of Public and International Affairs. She served on the CEA from 2009 to 2011, and served on the NEC from 1998 to 1999 in the Clinton administration.

Biden is also expected to name Heather Boushey, the president and CEO of the Washington Center for Equitable Growth, and Jared Bernstein, who served as an economic adviser to Biden during the Obama administration, to serve on the council. Both Boushey and Bernstein advised Biden during the presidential campaign.

—AP stories contributed to this report.

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