WASHINGTON: US President-elect Joe Biden tapped finance, trade, and banking regulatory experts for his transition team that ranged from core Democrats to progressive activists, reflecting ongoing debate within the party about how to address economic issues from wealth inequality to climate change.
Mehrsa Baradaran, for example, who is working on the Treasury team, has argued the Fed should play a more aggressive role in establishing bank accounts for every family as way to ensure access to the financial system.The list reflects union influence, and possible use of the federal purse to boost economic growth through targeted investment.
Another Treasury team pick, Nancy Lee, has written extensively on sustainable development finance and the role of private finance. Drake, now at the Director's Guild, advised USTR during Trump's renegotiation of the North American Free Trade Agreement. Team leader Jason Miller, former deputy director of the White House Economic Council under Obama, worked on efforts to boost US manufacturing jobs.