Six Top Economic Policy Jobs in the Obama-Biden Administration
The more I think about it, the more I think that there are six key economic positions that Barack Obama needs to fill:
- OMB Director--the budget master...
- CEA Chair--the voice that advocates for rational economic policy...
- National Economic Council chair--the consensus chair...
- The Federal Reserve Chair in waiting--appointed to the Board of Governors now, to succeed Bernanke in two years...
- The Treasury Secretary...
- The SEC Chair--to serve also as legislation design point person for the reform of the financial regulatory framework...
It seems to me that six different people are needed for these jobs--that trying to combine them is asking for trouble. And of these, it seems to me that SEC Chair--including the task of designing the system going forward for regulating financial markets--is the most important.