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25th Nov 2020 00:20U.S., Economic Monitor

The impending appointment of ex-Fed Chair Yellen as Treasury Secretary is to be welcomed--a safer pair of hands is hard to imagine--but it does not change our view that the next Covid relief bill will be modest if Republicans still control the Senate after the January 5 runoffs in Georgia. As Treasury Secretary, Dr. Yellen will have a powerful bully pulpit, alongside Fed Chair Powell to make the case for more fiscal action.

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Keywords for: 25 Nov 2020 Yellen will be an Excellent Treasury Secretary, but the Role is Limited

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