Janet Yellen will be Joe B’s Treasury Secretary …

The President-elect of the United States, Joe Biden appoints Janet Yellen as Treasury secretary. The news fell with approval at the Palace of the Argentine Treasury, whose title, Martín Guzmán, sent a congratulatory tweet and he predicted “to work in cooperation” with the next US administration.

Yellen had been chairman of the Federal Reserve during the administration of Barack Obama and her policies were characterized by a tendency to flexible policies, such as keeping interest rates low to support employment.

His choice, confirmed by a source cited by the Wall Street Journal, was well received even by Nobel Laureate Joseph Stiglitz, who through his Twitter account celebrated the “big news”.

Martin guzman he echoed this greeting on the same social network and expressed: “We look forward to working cooperatively for a more stable and inclusive world economy”.

Yellen will be nominated by Biden and your appointment must be confirmed by the US Senate. If that happens, she will become the first woman to head the Treasury Department.

Either way, he had already crossed a barrier when former Democratic President Barack Obama chose her to lead the Federal Reserve in 2014. Four years later, it was deposited by Donald Trump.

If the Senate gives the green light, Yellen will take office in the midst of the deep crisis that rocked the world’s largest economy by the coronavirus.

He will replace Steven Mnuchin at the Treasury Department and will face negotiations stalled for months to launch a new stimulus plan for the economy, if lawmakers don’t act before Biden takes office on Jan.20.