Posted on 11/09/2020 12:12:45 PM PST by SeekAndFind
Former Fed Chair Janet Yellen appears to be front-runner for Treasury secretary under a Biden administration, The American Prospect reports.
Her credentials as a former head of the Fed, before Trump named Jerome Powell to the post, would make it hard for Senate Republicans to block, writes American Prospect's Robert Kuttner, a professor at Brandeis University's Heller School.
Also, "Yellen is just liberal enough for the liberals, just conservative enough for Wall Street," Kuttner wrote.
Recently, Yellen has been sounding more dovish than she did before she left the Fed.
Lael Brainard, a member of the Fed's board of governors, has also been considered a top contender for the Treasury post, but some on the left have opposed her for her record on trade and currency manipulation in China. Rhode Island Governor Gina Raimondo, a former venture capitalist, is also getting friction from the left.
Others that have been pushed by progressives are Elizabeth Warren and Sarah Bloom, who served as deputy secretary of the Treasury under the Obama administration.
As for current Fed chair Powell, he's likely to be re-nominated by a Biden administration when his term expires in 2022, according to some observers.
That becomes more likely if Republicans keep control of the Senate, which is required to confirm Biden's pick for the post.
(Excerpt) Read more at seekingalpha.com ...
Better than Liz Spreading Bull.
No such thing as a Biden Administration.
China Joe Marxist Coup is the correct terminology
America will burn first
Biden’s basement is going to be crowded.
Recyling all the old trash, I see.
are you freaking kidding me?! SHe handled things for a major university and got into deep water there concerning finances but it was kept pretty hush hush— EVERY GRIFTER will be in Bidens administration if Biden gets elected.
Ignore that— got the wrong person...was thinking Napolitano
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.