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Janet Yellen as US Treasury Secretary: the candidate Republicans trust

2020-11-25T06:58:53.490Z


She would be the first female boss in the 231-year history of the finance department - and one with the greatest possible approval: By choosing Janet Yellen, Joe Biden is cornering the Republicans.


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Former Fed Chair Janet Yellen (2019): She has expertise and government experience

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Andrew Harnik / AP

In the end, it didn't help Elizabeth Warren that her fans praised the Senator with animal support, Joe Biden.

"If my mom were to become Treasury Secretary, I would help as best I can," the dog Bailey Warren's Twitter account said unmistakably in the direction of the winner.

The @FirstDogBailey account, which is dedicated to the Golden Retriever of the Massachusetts Democrat, has almost 50,000 followers and more supporters than some lifelike politicians.

But with the future president of the USA, himself a dog owner, Bailey's charm failed.

According to reports from the US media, Warren will not become Treasury Secretary in Biden's cabinet, but the former Fed chairwoman Janet Yellen.

The decision perfectly reflects Biden's HR strategy after the election victory: Yellen comes from the Obama orbit, she brings expertise and government experience with her - and she is a consensus candidate who should not only be acceptable to both wings of the Democrats, but even to the Republicans .

In any case, it makes it difficult for the political opponent to block.

When she was appointed head of the world's most powerful central bank in 2014, Yellen received the votes of eleven Republican senators, and some of them are still in office today.

Biden is increasing the chance that one of his key ministers can get to work without delay to deliver what he promised the voters: to lead America out of the economic crisis.

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Source: spiegel

All business articles on 2020-11-25

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