Janet Yellen to enter firing line on Joe Biden’s Covid-19 relief plan
Senate finance committee hearing will be first congressional forum where legislators will vet Biden’s $1.9-trillion plan
18 January 2021 - 22:24
Washington — Treasury Secretary nominee Janet Yellen on Tuesday steps into a new role after more than a quarter-century in government: salesperson for economic policy after years of defending Federal Reserve policy.
The Senate finance committee’s 10am hearing on Tuesday is likely to feature topics from foreign-exchange policy to taxes, but it will also serve as the first congressional forum where legislators will vet president-elect Joe Biden’s $1.9-trillion Covid-19 relief plan. Yellen will tell them that low borrowing costs mean it’s time to “act big”, according to her prepared remarks...
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