Biden chooses former Fed Chair Janet Yellen to be Treasury secretary

secretary, a historic decision that could make her the first woman to lead the department, according to people familiar with the matter.

Political strategists say hopes for a more progressive choice, such as noted Wall Street critic Sen. Elizabeth Warren, had been abandoned after it became clear Democrats would not win a sizable majority in the Senate. Biden's team had also been eyeing Fed Governor Lael Brainard and former Fed Vice Chair Roger Ferguson for the job, according to people familiar with the transition team's thinking.

"Janet is a big name, with significant experience highlighted by her time at The Fed," wrote Alli McCartney, managing director at UBS. "I am not surprised markets are reacting favorably as this choice is reassuring, especially with the challenges that lie ahead including avoiding a double dip recession and getting people back to work amidst rising virus cases."

Most economists, including current Fed chief Powell, say Congress' early support and the $2 trillion CARES Act helped soften the springtime recession and reignite the economy throughout the summer.

Rouse, Bernstein, Adeyemo good picks. Risk of not spending more on Covid greater than spending. Powell: not spending 'imperils recovery, ups unemployment 2 Depression level, lengthens weakness. 2008-9 Great Recession bailout cost $634B, got back $755B.

Risk of not spending greater than spending. Powell: not spending 'imperils recovery, ups unemployment 2 Depression level, lengthens weakness. 2008-9 Great Recession bailout cost $634B, got back $755B.

Women can do it. Oh yes they can. If women can run a family under any circumstances then they can run successfully any thing. Check the women leaders. Barbados, New Zealand, Iceland, Germany you will experience and benchmark excellence in bloom.

‘Architect of the economy’? What is she going to do? Come up with a five-year plan?

Lemme guess: 0% interest rates, no inflation, and another $10 Trillion of U.S. taxpayer debt to get the $DOW to 40,000...

We’re there no economists under the age of 70 available?

amtvmedia

Jane Fonda called the COVID-19 pandemic 'God's gift to the Left.' that tells the opportunism of the Democratic Party. Do they care about the 200K+ Americans, or do they consider these unfortunate victims to be props to use in the anti-Trump drama they subject us to day after day?

So cute with Biden’s fantasy team

Architect of the economy = print more money CronyCapitalism

“Architect of a new and improved money printer”

GOLD

Bidens going to prison for a lonnnggg time.

Back at you trump

The crooks will continue to be in charge. From Trump to Biden to now Yellen.

特朗普总统是个爱好和平维护和平的世界正义者，总统先生四年当中以不流血跟经济制裁的方式达到了比流血更好的效果，所以总统先生得罪了美国及世界各大财团的支持，只有真实民主的美国公民及世界追求普世民主的人支持他，降低药品价格得罪了药企，可总统先生从来不怕得罪企业只在乎美国公民跟世界人民！

at least she's predictable..

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