Biden To Nominate Former Fed Chair Janet Yellen For Treasury Secretary
24 Novembre, 2020, 02:27 | Auteur: Auguste Feret
She is credited with helping steer the economic recovery after the 2007 financial crisis and ensuing recession.
Prior to her tenure as the Federal Reserve chair, Yellen served as the institution's vice-chair and the chair of former President Bill Clinton's economic advisory council.
For her part, Yellen seems to have been quiet on crypto since leaving the Fed and going to work for a think tank.
Yellen is well-known on Capitol Hill after years of testifying as Fed chair to Senate committees about the economy and interest rate policy. I'm not sure why they see her as such a progressive. On the contrary, under Bernanke and Yellen - and later, under Powell - the Fed's more hard challenge was raising inflation merely to the Fed's annual 2% target level. It has yet to do so consistently. "It's someone who will be accepted by all elements of the Democratic Party, from the progressive to the moderate coalitions".
Yellen has the support of many progressive groups, said Jeff Hauser, executive director of the Revolving Door Project, a left-leaning organization.
Ms Yellen would replace incumbent Steve Mnuchin and lead Democrat Joe Biden's administration in its task to fix America's pandemic-hit economy. She made numerous visits to employment training centers to spotlight the need for training programs to equip people for good jobs. Obama originally appointed Yellen to the Fed in 2014, where she remained until early 2018.
Times have, however, changed dramatically in just two years. She raised rates higher than they needed to be and stumbled along at the Fed. That rate hike, which caused a sharp increase in the value of the dollar, contributed to a slowdown in US economic growth in 2016 and is now seen by many economists as having been premature.
As chairwoman of the US Federal Reserve, Ms Yellen was known for focusing more attention on the impact of its policies on workers and the costs of America's rising inequality. They have one son, Robert, who is an economics professor.
Black Ops Cold War November 23 Update Patch Notes
Fans of the Call of Duty sub-series Black Ops will be more than familiar with the multiplayer map that is Nuketown. The map is a reimagining of the classic, close-quarters map set in 1984 in a "sister site" to the original.
The prosecution will rely on evidence from wiretaps of phone conversations between Sarkozy and his lawyer Thierry Herzog. Investigators discovered that Sarkozy used an alias - Paul Bismuth - to buy a phone for private talks with his lawyer.
Manchester United manager Ole Gunnar Solskjaer has opened up on the reasons for Anthony Martial's poor start to the season. Every season is a challenge and you can not rest on your laurels at Man United. "We want Anthony to kick on".
The altercation occurred on Saturday exterior Trump nationwide golf membership, the place the president was enjoying. She replied, "You're on my face - you don't have a mask, so you need to take a backup".
There are now 8,012 active cases in Manitoba including 5,757 in Winnipeg while 5,075 individuals have recovered from COVID-19. Manitoba's five-day test positivity rate is down slightly to 13.7 per cent, as is Winnipeg's at 13.6 per cent.
Players will be on the streets of Shibuya, where they will take part in the Reapers' Game, a life-or-death battle for survival. You can check out a trailer for the game below, and an official website for the new game has also been launched.
No. 12 IN dropped three spots after putting a scare into Ohio State IN the Big Ten's other top-25 matchup Saturday. The year after their surprising run to the Rose Bowl , coach Gary Barnett's team reached a high of No. 10.
In January while promoting the "GOAT" tournament, Trebek said he had a plan for how he would end his run on the game show. The interim guest hosts will come from "within the 'Jeopardy!' family", the quiz show said.
Si tu as l'argent mais que tu n'es pas bien sur le terrain... "Mais si le sportif est bon, le reste suivra". Il faut un objectif clair et précis, un projet sportif qui soit en corrélation avec mes ambitions.
Daily numbers of new U.S. cases are approaching 200,000, less than three weeks after hitting 100,000 for the first time. More than 12 million people in the U.S. have contracted the coronavirus since the start of the pandemic.
Pulisic joins Chelsea training ahead of Rennes trip
Chelsea forward Christian Pulisic has recovered from a hamstring injury and will be ready for Sunday's Premier League clash against leaders Tottenham Hotspur , said manager Frank Lampard , but will not travel to France for Tuesday's Champions match with Rennes .
Tua Tagovailoa on benching: Whatever's best for the team
The Dolphins benched Fitzpatrick following Week 7 after the veteran led Miami to a 3-3 start and appeared to be playing well. But with 1:03 to play, Broncos safety Justin Simmons intercepted a pass in the end zone to seal Denver's seven-point victory.
Séville : Koundé et son échange avec Guardiola
Et forcément, à quelques mois de l'Euro, celui qui a encore trois belles années de contrat à Séville a pour objectif d'y être. Le prodige français espère désormais poursuivre sa montée en puissance afin d'intégrer l'effectif des Bleus pour l'Euro 2021.