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Biden appoints former Fed chief Yellen as US Treasury Secretary | Free press

Washington (AP) – Former Federal Reserve head Janet Yellen is said to be the first woman to take over leadership of the US Treasury.

Future President Joe Biden wants to make the 74-year-old a key figure in the fight against the economic consequences of the corona pandemic. It will also likely play a pivotal role in negotiations with China over Donald Trump’s criminal tariff policy.

Yellen should be ratified as a minister by the United States Senate. Only in early January will two second elections in Georgia decide whether Biden’s Democrats get a majority in the Senate and thus give him a free hand in forming a government – or whether the Republicans retain control in the Congressional chamber.

Yellen headed the Federal Reserve from 2014 to 2018. When her tenure came to an end, President Donald Trump did not nominate her again, but instead chose Jerome Powell, who currently heads the central bank.

Biden faces the major challenge of getting the US economy through the corona crisis, which is just escalating again, after taking office in January next year. Yellen is believed to be a supporter of the theories of economist John Maynard Keynes, according to which governments play an important role in overcoming economic crises.

Before the election, Republicans and Democrats had disagreed on a second stimulus package for the US economy – that would be a different task for Yellen. Following her nomination, she wrote on Twitter on Monday that “the American dream must be restored – a society where everyone can fulfill their potential and dream of more for their children.”

On Sunday, Biden introduced his communications team to the White House, which is made up of experienced women. The prominent role of the government spokeswoman goes to Jen Psaki.

Psaki had served as White House communications director and State Department spokesman under former Democratic President Barack Obama. Since the election, Psaki had conducted several briefings with journalists for Biden. She seemed clear and professional. Your deputy in the White House will be Karine Jean-Pierre, who last worked for Vice President-elect Kamala Harris, as Biden explained.

Biden’s current deputy campaign manager, Kate Bedingfield, is slated to become the White House communications director. This gives it a less public role, but one that is important for determining the general communication strategy of the government. Pili Tobar in turn becomes Bedingfields’ deputy. An adviser to Biden’s campaign team, Symone Sanders, will act as spokeswoman for Vice President Kamala Harris; Ashley Etienne would work as communications director.

Almost at the same time as Biden’s personnel decisions, it became known that the 78-year-old sprained his right ankle while playing with his German Shepherd and sustained minor stress fractures in his foot. Thus, it can be assumed that Biden should wear a boot-like orthopedic support shoe “for several weeks,” said Dr. Kevin O’Connor in a statement circulated by Biden’s office. So it seemed possible that Biden could still wear the support shoe at his planned inauguration on January 20.

The ‘hairline cracks’ related to two small foot bones, called cuneiform bones (os cuneiforme), as the doctor further explained. Biden first visited an orthopedic surgeon in Newark, Delaware, late Sunday afternoon (local time). X-rays did not initially show a fracture. The small fractures were then detected with an MRI scanner. Biden was injured on Saturday while playing with his German Shepherd “Major”.

A representative from Biden’s office said the president-elect had the injury investigated on Sunday so that appointments scheduled for Monday would not be affected. The Democrat and his wife Jill have two sheepdogs who will move with them to the White House in January. According to media reports, the Bidens also want to get a cat.

Biden was declared the winner by the US media after the November 3 election. He will be sworn in as the new president on January 20.

The incumbent President Donald Trump, 74, meanwhile, continues to refuse to acknowledge Biden’s victory. He has been talking about “massive electoral fraud” for weeks, but has not provided reliable evidence. US courts have already dismissed numerous lawsuits to challenge the election results and its Republican allies.

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