Even before US president-elect Joe Biden had officially confirmed his nomination for Treasury secretary, congratulations were flooding in for former Federal Reserve chair Janet Yellen amid assurances that her confirmation should proceed smoothly, even if the Republicans maintain a majority in the Senate.
First up, the banking industry, which might have endured a much tougher fight against re-regulation had Biden picked the more radical Elizabeth Warren for this top cabinet position.
It sent out Tim Adams, chief executive of lobby group the Institute of International Finance (IIF), to gush.
Janet Yellen is an extraordinary choice for Treasury secretary
Tim Adams, IIF
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