No better person than Yellen to head US Treasury

Dr Janet Yellen knows a deep recession and a patchy recovery from the inside. She will need all that policy prowess and a healthy dollop of political savvy to steer the United States, and by default the rest of the world, through this epic slowdown.

The former Federal Reserve chair is President-elect Joe Biden’s pick for Treasury Secretary, according to people familiar with the matter. She is probably the most qualified person to ever hold the post.

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