U.S. bond yields rose slightly on Wednesday, as market volatility declined with investors eyeing economic growth and inflation data due for release in coming.
The Biden administration is riding a wave of rising optimism about the recovery from the COVID-19 recession, with the president and top surrogates hitting the road to sell their relief plan.
Janet Yellen became the first woman to head the U.S. Treasury Department on Monday, a historic appointment that will position her to promptly work on President Joe Biden’s economic agenda, which aims to further the recovery and offer relief to Americans devastated by the COVID-19 pandemic.
Yellen, the first woman to lead the Federal Reserve during her tenure from 2014 to 2018, was confirmed by the Senate on Monday afternoon.
She is the first person to head the Treasury, Federal Reserve and the White House Council of Economic Advisers.
“As Treasury secretary, who is fifth in the presidential line of succession, Yellen will oversee everything from tax collection to public-debt management to the implementation of international sanctions,” Lindsey M. Piegza, chief economist at Stifel, said in a note. “Near term, however, the most pressing component of the job will be oversight and management of the economic recovery.”
PenFed Welcomes Chairman of National Credit Union Administration at Board Education Conference
NCUA Chairman Rodney E. Hood Shares Positive Outlook for Credit Union Industry
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TYSONS, Va., Jan. 19, 2021 /PRNewswire/ PenFed Credit Union, the nation s second largest federal credit union, hosted its Board Education Conference on Saturday Jan. 16 with five expert speakers including the first in-person event by National Credit Union Administration (NCUA) Chairman Rodney E. Hood since March 2020.
Speaking to the 11 members of PenFed s volunteer Board of Directors, five members of PenFed s volunteer Supervisory Committee and nine members of PenFed s Executive Team, Chairman Hood presented a positive outlook for the credit union industry. Chairman Hood asserted that on the strength of credit union share growth, the National Credit Union Share Insurance Fund is carrying sufficient equity to withstand the pandemic. Chairman Hood emp