Who is Janet Yellen, the one chosen by Joe Biden as Secretary of the Treasury that will be key for Argentina

The Minister of Economy, Martín Guzmán, congratulated her on social networks: “We hope to work cooperatively.”

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.

While Biden did not make Yellen’s nomination official for the position, the news was confirmed by numerous sources, so she would be the first woman to hold the main position of economic policy in the northern country.

So much so that the Minister of the 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 look forward to working cooperatively for a more stable and inclusive global economy“, expressed Guzmán through his account on the social network Twitter, where he replied a congratulation that the 200 Nobel Prize in Economics, Joseph Stiglitz, made to the former president of the Fed.

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 at least for 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 considered that 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 economist of 74 years He headed the Fed from 2014 to 2018 and is a highly respected figure in Washington. In 2014, in addition to the Democrats, his appointment was endorsed by several Republicans in the Senate.

Ph.D. 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.




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