Wally Adeyemo appointed as first Black Deputy Secretary 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. 

RELATED: Michael Regan confirmed as first Black man to lead EPA

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.”

RELATED: Yellen: Biden’s plan could restore full employment by 2022

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. 

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