Janet Yellen, whom US presidential candidate Joe Biden proposed to be appointed Treasury Secretary, said the coronavirus pandemic has caused an economic crisis of historic proportions in the country. Reported by Reuters.
“This is an American tragedy, we need to act urgently,” Yellen urged. According to her, further inaction threatens an even greater economic recession and greater damage to the most vulnerable groups of the population.
Biden previously named Yellen as one of the most important economic thinkers of our time. She will become the first woman to head the Treasury Department in its 231-year history.
On November 3, 2020, the next presidential elections were held in the United States. The counting of votes and the proceedings on this issue are still ongoing. According to the media, Biden received the necessary number of electoral votes to win, thus surpassing the current American leader Donald Trump. The democrat has already proclaimed himself the elected president of the United States. Trump, in turn, said that Biden was in a hurry to call himself the country's new leader.
