The U.S. Senate confirmed the nomination of Wally Adeyemo as Deputy Secretary of the Treasury on Thursday, making him the first Black American to hold the powerful job.
Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing's "unfair economic practices" and hold China accountable to international rules.
Adeyemo will play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments.
A former senior adviser at asset supervisor BlackRock Inc and the kid of Nigerian immigrants, Adeyemo served as a pinnacle countrywide security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury.
The Senate confirmed Adeyemo on a voice vote, a procedure used while there is little to no opposition.
SOURCE
Treasury Secretary, Janet Yellen hails Wally's confirmation
My warmest congratulations to Wally Adeyemo, our new Deputy Secretary of the Treasury.
Wally is the whole thing @USTreasury wishes proper now: he’s spent his career running at the intersection of nat’l safety & financial interests. He’s also a tireless advise for the running elegance.
He’s turn out to be a master of shuttle monetary international relations, helping hold our economic system sturdy at home & competitive overseas. He also helped build the @CFPB from its basis after the Great Recession.
His values & managerial enjoy might be a massive asset to Treasury as we put into effect ARP
I’m confident that Wally will take care of his mission as Deputy Secretary like he’s treated the whole thing else all through his career: with integrity and excellence.
Treasury Secretary, Janet Yellen
Adeyemo changed into one in all three Nigerian-Americans (along Funmi Olorunnipa Badejo and Osaremen Okolo), tapped by then President-choose Joe Biden to serve in his Government.
He become senior global economic adviser within the Barack Obama administration.
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