November 24, 2020

The stock market, which has been strong thanks to the good news about coronavirus vaccines, jumped to a record high today on news that President-Elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. She will be the first woman to lead the department, and is considered an especially strong pick, particularly at this moment. Yellen is a labor economist and monetary policy expert who cares deeply about issues of inequality, and is respected by members of both parties. She served as the Chair of the Federal Reserve from 2014 to 2018, and headed the White House Council of Economic Advisers under President Bill Clinton.

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