December 1, 2020

AfricaTopForum

AfricaTopForum – News Around Africa

Biden says he chose Treasury secretary that will please all Democrats

1 min read
Biden says he chose Treasury secretary that will please all Democrats Image: AFP

WASHINGTON (Reuters) – President-elect of the United States Joe Biden said today that he has chosen his Treasury secretary and that he will reveal the choice as early as next week.

“We made that decision,” Biden said at a news conference. “And you will find out that it is someone that I believe will be accepted by all members of the Democratic Party, progressive and moderate coalitions.”

The Democrat said he would reveal his choice before or after the Thanksgiving holiday, which takes place next Thursday.

Among Biden’s possible choices are former Fed chairman Janet Yellen, current Fed board member Lael Brainard, former Fed board member Sarah Bloom Raskin and Atlanta Fed chairman Raphael Bostic.

Biden’s choice for the Treasury, which needs to be confirmed by the US Senate, may have to face an agenda of historic breadth and depth, combating health and economic crises and pursuing the high goals that the elected president set during his campaign.

Biden also said on Thursday that he supports the way the Fed is conducting its interest rate policy.

“I believe it has been positive so far,” he said.

Source: Biden says he chose Treasury secretary that will please all Democrats