What is Expected from New US Treasury Secretary Yellen?

What is expected from the new US Treasury Secretary Yellen? Janet Yellen will present at the Senate today. Janet Yellen, who is expected to become the new US Treasury Secretary, will make a presentation in the US Senate today. In this presentation of Yellen, messages regarding the economic agenda will be priority. According to reports on the Bloomberg channel, Yellen will advise the Senate to pass Biden's stimulus package. Saying that low borrowing costs are an opportunity to pass such packages, Yellen will try to get the package accepted, which is likely to face the opposition of the Senate Republicans. The 1.9 trillion dollar coronavirus support package announced by Joe Biden recently includes regulations such as raising the minimum wage and expanding family and health leaves, which Republicans are thought not to accept. In addition, Janet Yellen's speech is expected to draw attention to the fact that the United States has been in income inequality long before the epidemic period.   Yellen's Dollar Approach In the news reflected in the US press, there were statements that Yellen would also mention the dollar approach in the presentation, where her ministry would be approved. Janet Yellen will emphasize that markets will determine the value of the US dollar and that the US will not weaken the dollar in order to gain competitive advantage.       This article has contributions of Bloomberg.