11/23/2020 8:46 PM
Clarín.com
World
Updated 11/23/2020 8:53 PM
The president-elect of the United States, Joe Biden, chose the former head of the Federal Reserve (Fed) Janet Yellen as Secretary of the Treasury.
A fundamental person in the economic future of Argentina.
Although Biden did not make Yellen's nomination official for the position, the news was confirmed by numerous sources, making her
the first woman to hold the main economic policy position in the northern country.
So much so that the Minister of Economy, Martín Guzmán, already congratulated her on her position: "I join in congratulating Janet Yellen, who will be nominated as Secretary of the Treasury of the United States.
We hope to work cooperatively for a more global economy. stable and inclusive
, "said Guzmán through his account on the social network Twitter, where he replied to a congratulation that the 200 Nobel Prize in Economics, Joseph Stiglitz, made to the former president of the Fed.
I join the congratulations of @JosephEStiglitz for Janet Yellen, who will be nominated as Secretary of the Treasury of the United States.
We look forward to working cooperatively for a more stable and inclusive global economy.
https://t.co/LDChNu0L18
- Martín Guzmán (@Martin_M_Guzman) November 23, 2020
Yellen will be in charge of leading the Government's work in the economic recovery from the crisis caused by the coronavirus pandemic, which left millions of people without jobs and
with contraction prospects for at least the first quarter of 2021.
At the Fed, he stood out among other things for paying more attention than usual to the mandate to promote a strong labor market, in addition to maintaining inflation,
which cost him some criticism from Republicans who believed he was overreaching.
However, Yellen led the way, as the current head of the central bank, Jerome Powell, maintained and even deepened that position.
The
74-year-old
economist
headed the Fed between 2014 and 2018 and is a highly respected figure in Washington.
In 2014, in addition to the Democrats,
his nomination was endorsed by several Republicans in the Senate.
With a doctorate in economics from Yale University in 1971
, she was a professor at prestigious centers such as Harvard, the London School of Economics and Berkeley, where she began
teaching
in 1980 and where she has the title of
Emeritus Professor
.
She is married to the Nobel Prize in Economics and Berkeley professor George Akerlof, with whom she has a son, Robert, also a university professor at the University of Warwick in the United Kingdom.
Biden announced on Monday several names for his next government, including those of Antony Blinken as secretary of state;
John Kerry, as envoy for the Climate;
Linda Thomas-Greenfield as ambassador to the UN;
and Cuban-American Alejandro Mayorkas as head of his national security team.
AFG