Joe Biden’s pick for the US treasury faces historic challenges
Names floated so far have have extensive experience either at the US treasury or the US Federal Reserve, or both
Washington — Incoming US treasury secretaries have been confronted over the past two decades with the financial rescue of other countries, the bailout of the US banking system and a trade war.
But whoever Joe Biden chooses may face an agenda of historic depth and breadth, fighting crises while pursuing the lofty goals the president-elect set during his campaign. Biden’s treasury pick will have to cope with a recession and joblessness, as well as serving as the fulcrum to address wealth inequality, climate change and other issues...