Yellen and five more. This will be the economic team of the Biden administration

Jornal Económico with Lusa 30 November 2020, 15:39

For Yellen's team, Biden also appointed Wally Adeyemo as deputy secretary of the Treasury; Neera Tanden as director of the Management and Budget office; Cecilia Rouse as chairman of the Council of Economic Consultants and Jared Bernstein and Heather Boushey as members of the Council of Economic Consultants.

President-elect of the United States Joe Biden today announced the composition of the future White House economic team, including the name of Janet Yellen as secretary of the Treasury.

For Yellen's team, Biden also appointed Wally Adeyemo as deputy secretary of the Treasury; Neera Tanden as director of the Management and Budget office; Cecilia Rouse as chairman of the Council of Economic Consultants and Jared Bernstein and Heather Boushey as members of the Council of Economic Consultants.

We face great challenges as a country right now. To recover, we must restore the American dream — a society where each person can rise to their potential and dream even bigger for their children.
As Treasury Secretary, I will work every day towards rebuilding that dream for all.
- Janet Yellen (@JanetYellen) November 30

"As we begin to work to control the new coronavirus, here is the team that will provide immediate economic support to Americans during this economic crisis and that will help us rebuild our economy, making it stronger than ever," wrote Joe Biden in a statement, confirming the appointment of Janet Yellen, who will be the first woman to head the Treasury, if confirmed for the position by the Senate.

In recent days, Republicans in Congress have shown signs that they should oppose the confirmation of several of the names Biden nominated, without yet giving reasons for their rejection.

Yellen will inherit an economy with very high levels of unemployment due to the economic crisis caused by the covid-19 pandemic, growing threats to small and medium-sized enterprises and signs that consumers are withdrawing from the economic indicators.

"Good news for the US and the global economy." ECB deputy reacts to the appointment of Biden's Treasury Secretary

The choice of this economist, who headed the Federal Reserve (Fed), the central bank of the United States, between 2014 and 2018, is “good news for the economies of the United States and the world”, said the vice president of the European Central Bank (ECB), Luis de Guindos, adding that he spoke “in a personal capacity” during a conference call to present a half-yearly report from the ECB.

From John Kerry to Janet Yellen. Biden administration begins to take shape

It is known that Biden went to get several names known to the Obama administration, where he served as vice president. Joe Biden promises to make history with his administration, betting on the first Latin immigrant for the security of the country and the first woman for intelligence.

Former Fed Chairman Appointed to Treasury Secretary of the Biden Administration

Janet Yellen, who served as a top Federal Reserve officer, is preparing to make history as the first woman to hold the position of Treasury Secretary, a position of particular importance, given the challenges posed by the US economy. recovery from the crisis caused by the pandemic.

Academics minimize the role of the economy in the decision to close schools

“I would prefer not to give economic 'ammunition' for this debate”, said professor at the Catholic University of Lisbon João Borges de Assunção à Lusa, considering that “the problem of the closure of schools is the problem resulting from the education of children and young people ”.

TAP unions were warned that BE was going to propose an audit of Neeleman's management

The audit proposed by the Left Bloc will not be feasible in Parliament. The draft resolution delivered by BE to recommend to the Government an audit of TAP's private management, will not reach any conclusion in the sense of knowing what are the effective responsibilities of businessman David Neeleman in the management of TAP and in the financial situation in which the airline is found.

Sines registers 13% increase in container load in 2020

2020 was the “third best result ever in terms of container handling” in Sines, says the local port administration, clarifying that “in containerized cargo it is important to highlight the increase in volume related to the hinterland, which already represents more than 442 thousand TEU ”.