Biden unveils economic team at critical moment

2 December 2020
2020-12-02 11:11

US President-elect Joe Biden says his economic team is "first rate" and will help build an economy that works for all Americans.

Biden introduced key members of the team Tuesday in Delaware, including former Federal Reserve chair Janet Yellen to become Treasury secretary. Biden described Yellen as one of the "most important economic thinkers of our time." She would be the first female Treasury secretary if confirmed by the Senate.

Biden also introduced Neera Tanden as his choice to run the White House budget office. He also named his chair and members of the Council of Economic Advisers. Biden unveiled his economic team amid growing concerns about the pace of the nation's economic recovery as governments reimpose restrictions to curtail the surging coronavirus pandemic. 

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