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Monumental economic challenges await Biden’s Treasury secretary

The next Treasury secretary will join the Biden administration amid an almost yearlong economic downturn and with limited fiscal tools at their disposal to cobble together a recovery plan.

Janet Yellen, President-elect Joe Biden’s expected pick, would be one of the most experienced economists to lead the Treasury Department, having served as both Federal Reserve chair and head of the White House Council of Economic Advisers.

But the immediate challenges will be monumental. Continue reading.

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