Janet Yellen, Trump’s pet peeve who became America’s money-maker

Janet Yellen, Trump’s pet peeve who became America’s money-maker
Janet Yellen, Trump’s pet peeve who became America’s money-maker

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PORTRAIT – The first female finance minister in the United States, the former governor is a respected Democrat among Republicans and markets.

Janet Yellen (here in 2017 in Washington, when she was president of the Fed) meets the demands of Joe Biden who needs experienced people in his cabinet, quickly confirmed by the Senate. BRENDAN SMIALOWSKI / AFP

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 could promulgate this law before Christmas.

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