U.S. President Joe Biden on Tuesday said he would nominate trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of Economic Advisers (CEA), part of a shakeup ahead of an expected 2024 campaign.
Bernstein, who played in jazz bands and worked as a social worker in New York City before getting a doctorate, has long supported progressive economic policy. He served in former President Bill Clinton's Labor Department and then as Biden's chief economist when Biden was vice president.to Congress on the shrinking U.S. middle class, a bedrock Biden theme.
U.S. business groups worry that Bernstein's labor ties and skepticism about free trade deals could hamper bolstering international trade ties. "It's a huge problem and you can see it playing out with the Biden administration team, but I do think Bernstein and Brainard are both well-positioned to support the agenda, which is about racial and economic justice."
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