{"id":28288,"date":"2020-11-24T17:17:43","date_gmt":"2020-11-24T17:17:43","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=28288"},"modified":"2020-11-24T17:18:54","modified_gmt":"2020-11-24T17:18:54","slug":"joe-biden-to-pick-janet-yellen-for-treasury-secretary","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/joe-biden-to-pick-janet-yellen-for-treasury-secretary\/","title":{"rendered":""},"content":{"rendered":"

Joe Biden is expected to\u00a0nominate\u00a0Janet Yellen, former Fed chair, as the next Treasury secretary.<\/p>\n

<\/p>\n

The Wall Street Journal reported<\/a> that President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary, according to people familiar with the decision.<\/p>\n

The decision would turn Ms. Yellen into the first woman to hold the job. The WSJ adds that Biden\u2019s selection positions the 74-year-old labor economist to lead his administration\u2019s efforts to further the recovery from the destruction caused by the coronavirus pandemic and shutdowns.<\/p>\n

Quick scroll through Yellen’s LinkedIn, per Morning Brew<\/a><\/h1>\n

Education:\u00a0<\/strong>Undergraduate economics degree from Brown and a PhD in economics from Yale.<\/p>\n

Work highlights:\u00a0<\/strong>In the 1970s, she\u00a0first joined<\/a>\u00a0the Fed’s Board of Governors as an economist. She led the Council of Economic Advisers under President Clinton in the late ’90s, and served as Fed chair from 2014\u20132018.<\/p>\n

Skills:\u00a0<\/strong>Experienced, organized, and well-respected among the global financial elite. Biden said his Treasury secretary pick would please those across the Democratic party, and Yellen is it.<\/p>\n

What does a Treasury secretary even do?<\/h2>\n

Think of this role as the\u00a0CFO of the United States<\/a>. Yellen will advise the president on a broad range of economic issues, from public debt to international sanctions.<\/p>\n

Of course, Yellen’s first couple months will be preoccupied with one objective: putting this coronavirus-induced recession in the rearview. Throughout the pandemic, Yellen has called for more spending from Congress to alleviate the suffering of Americans.<\/p>\n

What else will be on her agenda?<\/p>\n