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EDOW - MacroView: Yellen's 'Arranged Marriage' To The Fed
First Trust Dow 30 Equal Weight
Recently, President-Elect Joe Biden named Janet Yellen to be his administration's Treasury Secretary. Yellen quickly proclaimed the reason "I became an economist was because I was concerned about the toll of unemployment on people, families, and communities."
Such provides excellent commentary, but her track record as Federal Reserve Chairman shows she is more for the top 10% of the economy than the bottom.
In reality, and what the markets already suspect, her appointment is an "arranged marriage" to the Fed.