11/25/2020, 11:21 AM (Source: TeleTrader)
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ECB's de Guindos: Yellen good choice for economy

Vice President of the European Central Bank, Luis de Guindos, said on Wednesday that the appointment of Janet Yellen as the next United States Treasury secretary would be good for both the US and the world economy.

De Guindos' statement came after multiple reports revealed earlier in the week that Yellen is expected to become the Treasury chief under President-elect Joe Biden's administration.

Yellen served as the Federal Reserve chairman from 2014 until 2018 after being appointed by former President Barack Obama, but was not reappointed by outgoing President Donald Trump.

Breaking the News / ND