Who would run Kamala Harris’ economy?

Kamala Harris is poised to reshuffle the US administration’s top economic team if she wins the presidency, as she moves to implement the centrist policy approach she touted on the campaign trail.

With the race against Republican nominee Donald Trump on a razor’s edge, the vice president is not expected to make any major nominating decisions until after the election in early November.

But if she is elected, she will have to decide quickly what changes she wants to make at the top. economic positions, from current and former officials in the Joe Biden administration as well as the private sector.

How would Harris approach the US economy?

A Harris A victory would bring less upheaval to the world’s largest economy than a second administration led by Trump, who has pledged to enact drastic tax cuts and impose massive tariffs on imports.

But the vice president distinguished her plans from those of President Biden, suggesting she would move more toward the center and be more willing to hear the ideas — and listen to the concerns — of corporate America.

“I promise you, I will be pragmatic in my approach,” she said last month in Pittsburgh, Pennsylvania, in the biggest economic speech of her campaign.

A Democratic economist said there was bound to be a significant change in staffing after Biden, partly because some officials were still considering leaving and partly because Harris would want to bring in her own team.

“I think the default is a clean slate. A clean slate may mean a reshuffle of people, but I don’t think many people stay in their jobs,” he said.

Who would Harris choose as Treasury Secretary?

By far the most economically significant nomination for Harris would be the next Treasury secretary. Janet Yellen, who has held the position since the start of Biden’s presidency, said she was “probably done” with her work last month during an appearance at the Texas Tribune Festival – her strongest hint yet that she would resign.

Wally Adeyemo, Yellen’s deputy, is seen as a natural successor, according to people familiar with the discussions. He has formed close ties with Harris — including attending joint events across the country — and is well-regarded by lawmakers from both parties on Capitol Hill, which could make his confirmation easier.

Unlike Yellen, Adeyemo, 43, is not a macroeconomist but is known for his political talents, having worked at BlackRock, the investment group, and led Barack Obama’s charitable foundation.

Lael Brainard, director of the National Economic Council and a former senior Federal Reserve official, is the other favored choice for Treasury secretary, according to people familiar with the discussions. However, Harris might want to wait and consider being Fed chair when Jay Powell’s term ends in 2026.

If Harris decides to select the next Treasury secretary in the Biden administration, Gina Raimondo, the Commerce secretary, and Jeff Zients, the White House chief of staff, are also potential options. They are also among the administration officials who have maintained the closest ties to American businesses.

Who are Harris’ top economic advisors?

Since launching her campaign for the White House in July after Biden dropped out, Harris has quickly assembled a group of advisers who have helped craft her economic policy and who could take senior positions in her administration.

A key contributor to the campaign is Brian Nelson, a former senior Treasury Department official responsible for sanctions and counterterrorism financing. Gene Sperling, a veteran economic adviser who served in the Clinton, Obama and Biden administrations, has joined the campaign.

But Harris also relied heavily on the advice of Democratic economic policy experts outside the campaign, including Brian Deese, the former director of the National Economic Council under Biden; Mike Pyle, Harris’ former chief economist who now works at BlackRock; and Rohini Kosoglu, his former domestic policy advisor.

While Harris is expected to include many of Biden’s officials in her administration, people close to her campaign say they don’t see her appointing as many people associated with the progressive left of the Democratic Party as her predecessor.

Would a Harris administration include figures from the business world?

One of the biggest differences in Harris and Biden’s approach to the economy is their familiarity and willingness to engage with business leaders, which has sparked speculation that some could take important positions in his administration if she won.

Tony West, a former Justice Department official and Uber executive who is also his brother-in-law, has been one of his top advisers in recent months, while Mark Cuban, the billionaire sports and media investor , is campaigning for Harris. and argue that she is better for business than Trump.

“This election is a battle for entrepreneurs,” he said at a recent Harris rally in Wisconsin.

Other executives close to Harris include investment bankers Blair Effron and Ray McGuire, as well as CFO Ken Chenault.

Harris also has much deeper ties to Silicon Valley than Biden. Karen Dunn, a lawyer who represents Google in its antitrust battle against the Justice Department, helped Harris prepare for her debate against Trump last month.

Despite her apparent openness to business figures, Harris has not said publicly whether she would replace critical regulatory officials, such as Gary Gensler, chairman of the Securities and Exchange Commission, and Lina Khan, chairwoman of the Federal Trade Commission, who are widely hated by Wall Street and American businesses for their harsh coercive measures.