Janet Yellen Now Favored To Become Treasury Secretary

President-elect Biden is expected to name some of his Cabinet picks on Tuesday,

President-elect Joseph R. Biden Jr.’s transition team will officially announce its first cabinet appointments on Tuesday, said Ron Klain, Mr. Biden’s incoming White House chief of staff, although he declined to say which ones.

The names of at least three expected cabinet appointments were released on Sunday night by people close to the decision process, including Anthony J. Blinken for secretary of state, Jake Sullivan as national security adviser and Linda Thomas-Greenfield as ambassador to the United Nations. – NY Times

Update

Since our post on the market bets at PredictIt.org for President-elect Biden’s Cabinet picks,  Janet Yellen has soared to become the favorite for Treasury Secretary.  Lael Brainard is not even in the hunt anymore.

In addition, Anthony Blinken is reportedly a done deal at State.

Bernie Sanders is running a distant fourth, at $.08, to Marty Walsh to become Secretary of Labor.

As we stated in that post,

The prediction markets are the worst forecaster except for all others. 

Stay tuned.

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