New York Fed's Daleep Singh to join Joe Biden administration as Deputy NSA

Federal Reserve Bank of New York has said that Daleep Singh, head of a market’s group at bank will join newly minted Joe Biden's administration as deputy national security adviser. Singh, who had joined bank last year, would take charge to ensure safety and security of nation later this month. In his new role, 45-year-old will serve as deputy National Ecomic Council (NEC) Director as well and report to both National Security Adviser Jake Sullivan and NEC Director Brian Deese.

Singh has previously worked at US Department of Treasury in Obama administration serving as Acting Assistant Secretary for Financial Markets and Deputy Assistant Secretary for International Affairs. Born in Maryland and raised in rth Carolina, Singh holds a bachelor’s degree with Duke University in Ecomics public policy and a master of business administration/master of public administration from Massachusetts Institute of Techlogy, and Harvard University, with a focus on international ecomics.

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Anne Baum appointed as interim head

Meanwhile, Federal Reserve Bank of New York has appointed Anne Baum as interim head of Market’s group until y find a replacement for Singh. John C. Williams, president and chief executive officer of New York Fed, speaking to AP hailed Singh’s contribution to bank saying that he had had a meaningful impact during his tenure. "Over past year, Daleep has played a critical leadership role in emergency facilities Fed launched in response to COVID-19. I'm thrilled that he will continue to lever his kwledge and expertise in support of ecomic policy at this important time," he added.

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President-elect Joe Biden and his deputy Kamala Harris had promised one of most diverse administrations in history of United States after y defeated Donald Trump in vember. It looks like Biden and Vice-President-elect have kept ir words because first 100 members of incoming White House staff come of all backgrounds and can easily be called most diverse in terms of ir ideology, , race, and skin colour. Biden and Harris have named more than 100 White House appointees so far, a goal y had set to complete by end of 2020. 

(Im: NewYorkFed/Twitter)