Janet Yellen has the experience and real-world knowledge to be a great treasury secretary

Word that President-elect Joe Biden will nominate Janet Yellen to be his secretary of the treasury should be taken as good news, both here and around the world. Having served as chairwoman, vice-chairwoman, and as a governor with the Federal Reserve Board, the head of the Council of Economic Advisers, and the president of the Federal Reserve Bank of San Francisco, and having taught economics at top universities over several decades, Janet Yellen is a known quantity — and a highly regarded one at that.

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HEDGE accordingly