About: http://data.cimple.eu/news-article/710262d38b0b2d5659f2b544296590e51072da0c6041f226f4e4ead2

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About: http://data.cimple.eu/news-article/710262d38b0b2d5659f2b544296590e51072da0c6041f226f4e4ead2 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	President-elect Joe Biden will nominate former Federal Reserve chair Janet Yellen to head the US Treasury, a financial source with knowledge of the decision said Monday -- a choice that, if confirmed, would make her the first woman in the job. The 74-year-old would be tasked with steering the world's largest economy as it struggles with mass layoffs and a sharp growth slowdown caused by the Covid-19 pandemic. The nomination -- which the source said was supported by left-wing members of Biden's Democratic Party -- would require Senate confirmation. "Yellen will be the next treasury secretary" and she could be formally announced as early as Tuesday, the source told AFP, confirming news first reported by The Wall Street Journal. Yellen broke barriers when former president Barack Obama nominated her to serve as Fed chair in 2014, a position President Donald Trump ousted her from four years later. At the Fed, Yellen was seen as a "dove" inclined towards low interest rates to support employment. She would succeed Steven Mnuchin, and likely be faced with breaking a months-long deadlock in Congress over passing a new stimulus spending bill for the US economy -- assuming lawmakers don't act before Biden's inauguration in January. Biden, who served as vice president under Obama and defeated Trump in elections held earlier this month, has been moving quickly to fill key slots in his incoming cabinet. Earlier Monday, he announced a slew of appointments to key national security roles including former Obama official Antony Blinken as secretary of state. There was little obvious impact on Wall Street stocks from the announcement. The Dow closed up 1.1 percent. cs/sst
schema:headline	Biden to nominate ex-Fed chair Janet Yellen to Treasury: source
schema:mentions	Steven Mnuchin 2009 flu pandemic Cabinet of the United States Left-wing politics United States Department of the Treasury Tony Blinken Agence France-Presse The Wall Street Journal History of the United States Democratic Party Federal Reserve Columbidae President-elect of the United States United States Senate United States Congress Barack Obama Joe Biden President of the United States Donald Trump Coronavirus disease 2019 Janet Yellen Singapore Standard Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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