Joe Biden picked Cecilia Rouse to chair the Council of Economic Advisers. If confirmed, Rouse would be the first woman of color to head the council. It has been a long time since Rouse had a role in the White House. What's her experience? Who is Cecilia Rouse's husband?
Why did President-elect Joe Biden choose Rouse for an important role in his administration? Does she have a family? Also, what is Rouse's net worth considering that she's a top-notch economist?
Why has Biden chosen Cecilia Rouse as part of his economic team?
Biden is relying on experienced hands to lead efforts to rebuild an economy devastated by the COVID-19 pandemic. Many businesses are struggling and millions of jobs have been lost. The COVID-19 pandemic has grounded large swaths of the economy.
In addition to Cecilia Rouse, who was part of the economic teams of the previous two Democratic administrations, Biden has also tapped former Fed Chair Janet Yellen to contribute to his administration’s economic recovery efforts.
Yellen will serve as Biden’s Treasury Secretary and bring a wealth of economic experience. Biden may have been impressed by Rouse’s work in the previous White House administrations. For example, Rouse was involved in the efforts to rebuild the U.S. economy after the 2008 financial meltdown caused by the housing bubble.
With the COVID-19 pandemic, the Biden administration will face similar economic challenges. Biden thinks that taking control of the COVID-19 pandemic is crucial to reviving the economy. The highly effective vaccines from Pfizer, Moderna, and AstraZeneca have raised hopes of bringing the COVID-19 pandemic to an end.
What experience does Cecilia Rouse have?
Cecilia Rouse studied economics at Harvard University and earned her doctorate in economics in 1992. After Harvard, Rouse worked at Princeton University as a faculty member. She founded the Princeton University Education Research Section and became the Dean of the Princeton School of Public and International Affairs.
Rouse worked in the Obama administration as a member of the Council of Economic Advisers from 2009 to 2011. Previously, Rouse served as a member of the National Economic Council in the Clinton administration from 1998 to 1999.
As an economic expert, Rouse has landed roles in several economic research works and advised T. Rowe Price funds. Rouse’s research work has mainly focused on labor economics. At some point, Rouse served as editor for the Journal of Labor Economics.
Who is Cecilia Rouse's husband?
Cecilia Rouse is married to Ford Morrison. It isn't known when Rouse got married to Morrison. However, the couple has two daughters. Unlike Rouse who is a public figure, Morrison has maintained a low public profile.
Who is Cecilia Rouse's mother-in-law?
Cecilia Rouse's mother-in-law is Toni Morrison, a famed author. Rouse’s mother-in-law received the Noble Prize in Literature in 1993. In 2016, she was awarded the Presidential Medal of Freedom by President Obama. Rouse’s mother-in-law passed away in 2019.
What is Cecilia Rouse and her husband's net worth?
As an economist, Cecilia Rouse knows a lot about money. How much wealth has she accumulated over her long public and private career? Rouse’s net worth is estimated at between $1 million and $5 million. It isn't known if her net worth includes her husband's net worth as well.