Don’t expect Janet Yellen to curb US government spending ...Middle East

President-elect Joe Biden is expected to announce former Fed chair Janet Yellen as his administration’s choice for Treasury secretary.While a GOP strategist told Bloomberg News in October that Republicans planned to emphasize austerity measures under a Biden administration, Yellen’s experience at the Federal Reserve after the 2008 financial crisis, as well as her comments on inequality and recovery efforts this year, signal she has the opposite idea about spending.If Yellen is confirmed by the US Senate, she would be in charge of the federal government’s finances and give Biden advice on fiscal, economic, trade, and tax policies, as well as lending and housing-finance rules and pandemic reli

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