Wally Adeyemo appointed as first Black Deputy Secretary of Treasury

In 2019, Adeyemo served as the President of the Obama Foundation

Black History

Wally Adeyemo has been appointed as the first Black Deputy Secretar of Treasury. (Photo Credit: U.S. Department of Treasury)

The U.S. Senate has confirmed Wally Adeyemo as the first Black Deputy Secretary of Treasury. 

Both Democrats and Republicans praised Adeyemo’s experience in his confirmation hearing, The Hill reported. 

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Treasury Secretary Janet Yellen offered congratulations to Adeyemo in a press release issued by the U.S. Department of Treasury. 

“Wally is everything the Treasury Department needs right now: He has spent his career working at the intersection of America’s national security interests and our economic ones. In the process, he’s become a master of shuttle economic diplomacy, helping keep America’s economy strong at home and competitive abroad,” it read. 

Yellen praised Adeyemo for his work for the Consumer Financial Protection Bureau after the Great Recession. 

“Those values – and that managerial experience – will be a tremendous asset to Treasury now as we continue implementing the American Resue Plan,” the release read. “I am confident that Wally will handle his mission as Deputy Secretary like he’s handled everything else during his career: with integrity and excellence.”

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In 2019, Adeyemo became the President of the Obama Foundation. In this role, he worked closely with leadership to manage day-to-day operations and implemented the organization’s goals. 

He has a B.A. from the University of California at Berkeley and a J.D. from Yale Law School.