Rouse Confirmed As First Black Economist To Head Council Of Economic Advisers By Reuters

LPC: U.S. syndicated loans initially shrug off Trump historic upset

© Reuters. FILE PHOTO: US President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware.

By Andrea Shalal WASHINGTON (Reuters) – A majority of the US Senate voted Tuesday to confirm Cecilia Rouse as chair of the White House Council of Economic Advisers, making her the first black economist to hold the post. Rouse was confirmed in an overwhelmingly bipartisan 95-4 vote, and one senator did not vote. Rouse, 57, a labor economist and former dean of the Princeton School of Public and International Affairs, is committed to working for a more equitable and just economy that serves all people after years of ever-widening gaps and disparities. . She will join other powerful women in top economic positions in the Biden administration, including Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo, who was also confirmed Tuesday. Rouse served on the board of the Obama administration from 2009 to 2011, the worst years of the previous economic crisis. He also served in an economic policy position in the Clinton White House. During her confirmation hearing in January, Rouse said more spending was needed to support the US economy and keep it growing and avoid a “downward spiral” in the country’s ability to pay its debt. “One of my priorities as president will be trying to understand how the policies will affect all of those in our country as we strive to ensure that the economy works for everyone,” she told the Senate Banking Committee at the time. “Too many have slipped through our worn safety net into hardship and hopelessness,” said Rouse. “And the structural inequalities that have always existed within our economy have not only been exposed, but exacerbated, their impact more devastating than ever.”

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.