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Viewsroom

Viewsroom: Biden’s money team, Bank boss shuffle

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 3 December 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

The American president-elect has put forward a diverse and competent team of people to oversee economic policy, including Janet Yellen at Treasury. Across the pond, European banks engage in a bit of CEO and chairman musical chairs. Breakingviews columnists dig in with Rob Cox. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Something unexpected has arrived in Happy Meal.

0:03.2

Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.

0:08.3

Joining your little ones on a fun-fueled adventure.

0:11.0

Some fun, some food, it's all inside this Happy Meal.

0:16.3

Until the 2nd of February from 11am includes one pre-selected book or toy whilst that's last.

0:20.3

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:29.9

Welcome to The Views Room, a weekly podcast brought to you by Reuters Breaking Views.

0:33.8

I'm Rob Cox, the editor of Breaking Views, coming to you from Zurich once again.

0:55.0

This week I talked to Gina Chong about American President-elect Joe Biden's picks to lead economic policy. He's chosen an unusually diverse group of people to lead the Treasury, including former Fed Chair Janet Yellen, as secretary, and Wally Ariamo as her deputy. Meantime, the Council of Economic Advisors will be overseen by Cecilia Rouse, the first black American to hold the job.

0:57.0

Gina breaks down their backgrounds and their significance to the U.S. economy and markets.

1:01.0

Then it's over to Europe where Liam Proud in London and Lisa Yucca and Milan walk me through

1:05.0

a series of CEO and chairman swaps involving Lloyds, Credit Suisse, HSBC, and UniC. Give a listen.

1:14.0

Greetings, Gina Chan. Where do I find you in California today? Yes. I'm in the sunshine state.

1:21.2

All right. Well, good. Well, so you've been keeping an eye on Joe Biden's cabinet and other picks for his economic team. I thought maybe

1:30.1

we'd go through some of these because, of course, you help put together the economic dream team

1:35.1

machine, which we've talked about on this show before. And we now have many of the slots filled.

1:41.7

Let's go through, let's start with the big one. Let's go one by one and

1:45.6

then talk about the big picture that this represents. So we have Janet Yellen at the Treasury.

1:49.9

That is historic, no? Yeah, she will be the first woman to lead that department since it was

1:58.0

established in, I think it was 1789. So she's definitely breaking a glass

2:03.0

ceiling. As she's had throughout her career, she was the first woman to chair the Federal

2:09.8

Reserve. And I think she's the first person, if she gets this to have led both the Council of Economic Advisers, the Fed and the Treasury.

...

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