Biden elevates Economic Advisers chair to Cabinet

Biden elevates Economic Advisers chair to Cabinet
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President-elect Joe BidenJoe BidenFighter jet escorts aircraft that entered restricted airspace during UN gathering Julian Castro knocks Biden administration over refugee policy FBI investigating alleged assault on Fort Bliss soldier at Afghan refugee camp MORE announced Tuesday that the chair of the Council of Economic Advisers (CEA) would have a seat on his Cabinet.

Historically, the CEA chair — often seen as the country's most influential economist, hasn't sat on presidents' Cabinets, though former President Obama bucked the trend during his presidency. President TrumpDonald TrumpJulian Castro knocks Biden administration over refugee policy Overnight Energy & Environment — League of Conservation Voters — Climate summit chief says US needs to 'show progress' on environment Five takeaways from Arizona's audit results MORE, however, didn't follow suit, deciding to exclude the position from his Cabinet.

Biden's remarks came during a press conference in which he formally announced nominations for his economic team, including former Fed chair Janet YellenJanet Louise YellenWe don't need platinum to solve the debt ceiling crisis The Hill's Morning Report - Presented by Alibaba - Democrats argue price before policy amid scramble Schumer sets Monday showdown on debt ceiling-government funding bill MORE as his pick for Treasury Secretary.

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The former vice president described Cecilia RouseCecilia RouseOn The Money: Inflation spike puts Biden on defensive | Senate Democrats hit spending speed bumps | Larry Summers huddles with WH team Larry Summers, White House officials meet to discuss Biden agenda Biden releases T budget that foresees decade of trillion-dollar deficits MORE, his pick for CEA chair, as "one of the most distinguished economists in the country."

Currently the dean of Princeton's public and international affairs school, Rouse would be the first Black person to chair the council, if confirmed.

"This is a moment of urgency and opportunity unlike any we've faced in modern times — the urgency of ending a devastating crisis and the opportunity to build a better economy in its wake," Rouse said at the press conference. 

Half of Biden's potential economic team are people of color. Neera Tanden, the president-elect's choice to lead the Office of Management and Budget, would be the first first woman of color and South Asian American in the role. 

Wally Adeyemo, picked by Biden to be the No. 2 official at Treasury behind Yellen, would be the first Black deputy Treasury secretary and the highest-ranking Black official in the history of the department.

Biden is under pressure from Black advocates and lawmakers to have strong Black representation in his Cabinet. Rep. James Clyburn (D-S.C.), the top Black politician in Congress, has voiced his displeasure with the president-elect's Cabinet selections so far.

Rouse joins Linda Thomas-Greenfield as Black Americans who have been selected by Biden to serve in his Cabinet. Thomas-Greenfield was tapped to be the U.S.'s next U.N. ambassador last week.