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Meet the new Jared Bernstein
7 min read
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With help from Allie Bice

Welcome to POLITICO's 2021 Transition Playbook, your guide to the first 100 days of the Biden administration

MICHAEL PYLE may be the most important economic adviser that the country has never heard of.

When President JOE BIDEN and Vice President KAMALA HARRIS met with the administration's top economic advisers earlier this month, three of the names in attendance were familiar: Treasury Secretary JANET YELLEN; BRIAN DEESE, the director of the National Economic Council Director; and CECILIA ROUSE, the newly confirmed chair of the Council of Economic Advisers.

The fourth was Pyle, Harris' chief economic adviser. He is this White House's JARED BERNSTEIN, the liberal-minded confidante who held the same job under then-Vice President Biden. Bernstein is now a member of Biden's Council of Economic Advisers and among the most prominent economic voices on the left. Pyle could be well-positioned to make a similar rise through the ranks, especially if Harris once more runs for president.

The comparison of Pyle and Bernstein isn't perfect. The latter worked for the Economic Policy Institute, a liberal think tank, before entering the VP's office. Pyle is one of three top administration officials who previously worked at the investment giant BlackRock, where he was global chief investment strategist. WALLY ADEYEMO, Biden's deputy Treasury secretary nominee, and Deese also worked for BlackRock. (Pyle also worked with TOM DONILON, the chair of BlackRock's Investment Institute, who served in the Obama administration and whose brother and wife now work in the White House.)

But like Bernstein, Pyle has been a presence on financial TV. While at BlackRock, he was a regular on CNBC's "Squawk Box" and Bloomberg TV, dissecting the financial trends in the jargon of the market. He's kept a lower profile in the Biden administration… so far. (Bernstein had already made his CNBC debut by this point…
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