President-elect Joe Biden's nomination of Janet Yellen to head the Treasury Department offers the clearest look yet at how his administration aims to drive an economic recovery.
The 74-year-old economist would enter the Cabinet at a time of intense economic strife. Coronavirus cases continue to surge higher, and data suggests the economy's initial bounce-back has slowed considerably through the fall. Economists warn the situation stands to worsen as government aid expires and holiday gatherings boost case counts.
Senate Republicans will likely back a smaller aid package in 2021 and set their sights on paying down government debts as soon as the virus threat fades, Ernie Tedeschi, policy economist at Evercore ISI, said in an interview. Reforming some of the lending programs established between the Fed and the Treasury can also help make the $80 billion more useful through the recovery. The two bodies could focus on lowering rates for specific municipalities and small businesses instead of maintaining their little-used credit facilities, former Fed economist Claudia Sahm told Business Insider.
The former Fed chair also has a good relationship with current chair Jerome Powell, Sahm said. Powell served under Yellen during her 2014-2018 term as chair. Those years of cooperation set the stage for a successful relationship between the Fed and the Treasury under the Biden administration, Sahm said.
She will make a good advisor . .should considering working with an honest team ....Biden may not fit that description . .
Most people are unaware that creditors are able to swoop in & swipe their stimulus checks from us. And unless there is a safeguard In place to keep these voltures at Bay, americans will continue to struggle to survive.
Let’s see some action
thanks
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Source: BusinessInsider - 🏆 729. / 51 Read more »
GPS data shows Trump supporters made it deep inside US Capitol - Business InsiderGPS data tracked 618 videos from Parler users inside the US Capitol last week. The mob made it deep inside the building. Well no kidding... That's what happens when the authorities welcome them in, and then directs them to the House Floor. OH! And lets not forget about the selfies the cops took with 'protesters' either.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the SolarWinds cyberattacks – FireEye leader explains discovery - Business InsiderInside the discovery of the massive SolarWinds cyberattacks: FireEye's top expert explains how his team found a 'needle in a haystack of needles'
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »
Webinar: Inside private-equity recruiting at Carlyle, Apollo, Bain - Business InsiderJoin us on Thursday, December 3, at 1 p.m. ET, as Business Insider's Wall Street reporter reedalexander moderates a panel featuring four experienced recruiters from top private-equity firms. They'll share tips on how to make it in the industry and more.
Source: BusinessInsider - 🏆 729. / 51 Read more »