Reserved for subscribers
PORTRAIT – The first female finance minister in the United States, the former governor is a respected Democrat among Republicans and markets.
The selection of Janet Yellen by President-elect Joe Biden, announced by the American media, as Secretary of the Treasury is well received in financial circles. The former boss of the Fed, under Barack Obama, a seasoned Democratic economist, with great experience, respected by many Republicans, is able to negotiate with the leaders of the new Congress this winter a vast plan to support the economy to counter the risk of relapse of the United States into recession.
The extent and duration of this plan, which Janet Yellen will have to orchestrate, will depend first of all on whether the outgoing Congress will adopt an intermediate plan as early as next month. If the Republican Senate, reluctant for the moment to spend more than $ 500 billion to help the unemployed and struggling businesses, reaches a compromise with the Democratic House of Representatives, Donald Trump could promulgate this law before Christmas.
The ability to deliver effective vaccines to
This article is for subscribers only. You have 83% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
Already subscribed? Log in
*The article has been translated based on the content of Source link by https://www.lefigaro.fr/conjoncture/biden-confie-le-tresor-a-janet-yellen-l-ex-patronne-dela-fed-sous-obama-20201124
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Janet Yellen, Trump’s pet peeve who became America’s money-maker for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at en24 news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.