Janet Yellen , who is a presidential candidate Joe Biden proposed to be appointed Minister of Finance, said that the coronavirus pandemic caused an economic crisis of historic proportions in the country, reports Reuters .
“This is an American tragedy, we need to act urgently,” Yellen urged. According to her, further inaction threatens an even greater economic downturn and more damage to the most vulnerable groups of the population.
Earlier, Biden called Yellen one of the most important economic thinkers of our time. She will become the first woman to head the finance ministry 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 number of electoral votes necessary to win, thus beating 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 quick to call himself the country’s new leader.