(Bloomberg) -- President-elect Joe Biden’s picks for his economic team suggest he will make it a priority to lift the fortunes of Black and lower-income Americans, whose gains in recent years have been endangered by the coronavirus pandemic.

Cecilia Rouse will be named the head of the Council of Economic Advisers, people familiar with the process said, and would become the first Black American in the position. Jared Bernstein and Heather Boushey, two progressive economists who have argued for the Federal Reserve to target the Black unemployment rate and for increasing the minimum wage, are expected to join Rouse as members of the CEA.

They’re set to join an administration whose economic policy will take important cues from another towering figure in the profession: former Fed chair Janet Yellen, who Biden plans to nominate as Treasury secretary, Bloomberg News reported last week.

The three prospective appointees would add an extra reserve of intellectual firepower behind the new administration’s objectives. Rouse, Bernstein and Boushey -- along with Yellen -- have all pushed for more fiscal stimulus as the surging virus threatens a fledgling recovery.

“There’s a lot to be said for the team they have put together -- some of the people, like Bernstein and Boushey, have backgrounds that are not standard-issue academic backgrounds to the CEA,” said Claudia Sahm, a former Fed economist who worked at the CEA from 2015 to 2016 and contributes to Bloomberg Opinion. “This is a serious nod to the progressives.”

Seat at Table

The naming of well-regarded economists to fill the relatively small CEA is also a sign of how seriously the incoming administration takes the agency that under President Donald Trump was often short-staffed.

“Having two close advisers to Biden at the CEA, that guarantees that the CEA will have a seat at the table,” said Sahm, who formerly worked with Boushey at the Washington Center for Equitable Growth.

Even with such experienced hands at Treasury and on the council, Biden’s achievements will depend on his ability to get legislation through a Senate that may remain under Republican control following early January run-off elections for Georgia’s two seats.

Biden has vowed to “build back better” an economy that before the pandemic had made significant strides in chipping away at inequality along racial and income lines.

The gap between the Black and White unemployment rates, which was more than double for Black Americans during much of the past half-century, reached its narrowest point on record last year. The poverty rate had fallen to a 60-year low.

But those gains are under threat as the pandemic has disproportionately impacted low-income workers, women and Americans of color.

Notably missing among the three CEA appointments is a specialist in macroeconomics, Sahm said. Even so, Rouse, Bernstein and Boushey are each well-regarded labor economists -- and such expertise will be necessary with 11 million people unemployed.

Education Gap

Rouse is currently the dean of the Princeton School of Public and International Affairs at Princeton University. She was a member of the CEA under President Barack Obama and served in the National Economic Council under President Bill Clinton.

Rouse’s research has highlighted the benefits of closing the education gap between White Americans and Americans of color.

“The Biden administration is clearly committed to this sort of thesis of, ‘How do we incorporate racial justice in every aspect of this administration?’” said Anna Gifty Opoku-Agyeman, co-founder of the Sadie Collective, a nonprofit that aims to boost the number of Black women in economics. “I think the appointment of Cecilia Rouse is a clear indication that they are very much focused on it.”

Bernstein is also a veteran of the Clinton and Obama White Houses and Boushey was chief economist for Hillary Clinton’s 2016 presidential transition team. They were both senior advisers to the Biden campaign and come from the left-leaning Washington think-tank world.

Biden has outlined a plan that includes raising the minimum wage -- which Boushey has argued for -- as well as increased union power and boosting taxes on the wealthy.

Bernstein’s call for the Fed to specifically target the Black unemployment rate when setting policy is part of a larger movement within economics that acknowledges the economy can run much “hotter” than previously thought without causing outsize inflation. The result is a tighter labor market that draws in previously marginalized workers.

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