![]() If confirmed by the Senate, Yellen would be the first woman to serve as treasury secretary, after breaking ground as the first woman to chair the Fed. “To the American people: We will be an institution that wakes up every morning thinking about you,” Yellen said of the Treasury Department, “Your jobs, your paychecks, your struggles, your hopes, your dignity and your limitless potential.” Video: A look into Janet Yellen’s extensive career Yellen called the economic havoc the pandemic has wrought “an American tragedy.” Biden also named Cecilia Rouse as chair of his Council of Economic Advisers, and Heather Boushey and Jared Bernstein as members of the council. ![]() Janet Yellen, Biden’s nominee for treasury secretary, served as chair of the Federal Reserve from 2014 to 2018, when she placed a greater emphasis than previous Fed chairs on maximizing employment and less focus on price inflation. ![]() Biden said he hopes “that we will be able to work across the aisle in good faith, move forward as one country.” Most of his choices will require confirmation from the deeply divided Senate, where some top Republicans have already begun voicing opposition. Still, his team has tried to keep the focus on building out its government and upcoming policy challenges, chief among them the pandemic and the economy.īiden repeatedly evoked his work as vice president when the Obama administration oversaw the economic recovery following the 2008 financial crisis, noting that many of those on his newly formed economic team worked closely with him then. The injury, while not serious, again intensifies scrutiny on Biden’s age, given that he just turned 78 and is the oldest president ever to be in his first term. As he emerged from his motorcade, Biden pointed to his boot and lifted his leg briefly to show it off.Īsked about his foot by reporters, Biden responded only, “Good, thanks for asking.” He wore a black walking boot and moved gingerly but tried to keep things light. Tuesday also marked the president-elect’s first appearance since breaking two small bones in his right foot while playing with one of his dogs over the weekend. “From the most unequal economic and job crisis in modern history, we can build a new American economy that works for all Americans, not just some,” Biden said as he introduced his choices for some of the government’s top economic posts during a speech at a theater in Wilmington, Delaware, where he has led his transition to the presidency. would eventually emerge with an economy that is dramatically reshaped to better stamp out economic inequality. As he did frequently while campaigning, Biden promised that the U.S.
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