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Former Fed Chair Janet Yellen Advising Biden and Harris

Published 08/13/2020, 02:12 PM
Updated 08/13/2020, 02:36 PM
© Bloomberg. Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.

© Bloomberg. Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.

(Bloomberg) -- Joe Biden and Kamala Harris received their first joint economic briefing on Thursday, which included former Federal Reserve Chairwoman Janet Yellen.

Two of Biden’s longtime economic advisers, Jared Bernstein and Heather Boushey, were among those in the briefing, in addition to Yellen, Raj Chetty, a Harvard University professor, and Lisa Cook, a professor at Michigan State University. Jake Sullivan, a top policy adviser to Biden, was also in the briefing.

The Biden campaign has been very secretive about the economists who have been advising the former vice president during his campaign. But in April, Bloomberg News reported that Larry Summers was advising the campaign, which drew the ire on progressives who called on Biden to promise he would not appoint him to his administration.

©2020 Bloomberg L.P.

© Bloomberg. Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.

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