In speeches and through her affirmation listening to, Rouse has highlighted the uneven nature of the hunch and stated she is going to deal with not solely rebuilding the economic system and bringing jobs again but in addition making an attempt to make sure that the advantages are shared throughout the board.
“Too usually economists deal with common outcomes as a substitute of analyzing a variety of outcomes,” Rouse stated at her affirmation listening to earlier than the Senate Banking Committee. “One in all my priorities as chair will likely be to attempt to perceive how insurance policies will influence all in our nation, as we attempt to make sure the economic system works for everybody.”
Rouse’s time as CEA chair will mark her third stint within the White Home. She labored as a member of the identical council through the Obama administration and on the Nationwide Economic Council through the Clinton years as a particular assistant to the president.
She was most just lately serving as dean of the Princeton College of Public and Worldwide Affairs earlier than Biden tapped her for the CEA job, and far of her work has targeting the economics of training, together with the advantages of neighborhood faculties and influence of scholar mortgage debt. She additionally centered through the Obama administration on points surrounding long-term unemployment and manufacturing, each of which she labored on at instances carefully with then-Vice President Biden.
Rouse’s earlier run on the CEA coincided with the Nice Recession, however it was one other unemployment disaster within the early Nineteen Eighties that first drew her into learning the labor market as an undergraduate scholar at Harvard, when she started connecting classes from her first economics class to the joblessness she noticed round her.
“I needed to know why this was occurring,” Rouse stated at her affirmation listening to final month. “Why had jobs disappeared — and what may very well be completed to convey them again?”
This time round, she didn’t anticipate returning to public service, Rouse stated at her nomination occasion in December. However she was pulled away from Princeton by what she known as a “uncommon mixture of urgency and alternative.”
“This can be a second of urgency and alternative not like any we’ve confronted in fashionable instances,” she stated on the time. “The urgency of ending a devastating disaster and the chance to construct a greater economic system in its wake.”
Rouse will likely be becoming a member of a top economic staff that features NEC Director Brian Deese and Treasury Secretary Janet Yellen.
The CEA, not like different Cupboard companies, doesn’t have rulemaking or enforcement authorities and serves extra as “the president’s private assume tank,” stated Austan Goolsbee, who served as a member of the CEA alongside Rouse and went on to develop into chair of the council.
In that manner, the council’s affect is proscribed to how a lot Biden will likely be keen to hear to its coverage suggestions. “Provided that a number of of a very powerful features of the restoration are proper in Ceci Rouse’s wheelhouse,” Goolsbee stated, “I’d assume that they might be very .”
Her affirmation comes as Congress is gearing up to cross Biden’s $1.9 trillion American Rescue Plan, which consultants hope will shore up the economic system for months and stop worsening unemployment or a spiraling disaster. However the problem awaiting her is that “in some methods, offering reduction is the straightforward half,” stated Jason Furman, one other former CEA chair.
“To maintain a a lot better restoration is a way more difficult economic and political job,” Furman stated, “and that’s what she will likely be intimately concerned in.”