Open up your calendar and highlight January 19.
That is when former Federal Reserve Chair Jane Yellen’s confirming hearing for her nomination to the Treasury Department is scheduled.
Her appointment is likely to be approved rather quickly, with Incoming Senate Majority Leader Chuck Schumer (D-NY) wanting “key economic nominees confirmed and on the job ASAP.”
If confirmed, she will be the first woman to serve as the head of the Treasury Department and also the oldest person to hold the position.
What can you expect with Yellen at the helm? Not much difference from her predecessors: spend, baby, spend.
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