Janet Yellen calls for urgent action to prevent ‘self-reinforcing’ economic downturn
02 December 2020 - 18:27
Washington — President-elect Joe Biden's Treasury secretary nominee Janet Yellen says the US is experiencing a historic crisis due to the coronavirus pandemic and its economic fallout that requires urgent action to avert a “self-reinforcing” downturn.
Yellen, who previously served as US Federal Reserve chair, spoke at an event in Delaware on Tuesday where Biden formally introduced his economic policy advisers as he prepares to take office on January 20 amid a battered economy and large-scale job losses...
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