Biden looks to former Fed Chair Yellen for economic advice


Janet Yellen

Scott Mlyn | CNBC

Joe Biden is seeking advice from former Federal Reserve Chair Janet Yellen, who ran monetary policy while the Democratic nominee served as vice president.

Yellen, now a distinguished fellow at the Brookings Institution, was among a handful of economists who on Thursday briefed Biden about an economy that has been reeling during the five-month coronavirus pandemic, according to the campaign.

Among those joining Yellen were Jared Bernstein, a senior fellow for the Center on Budget and Policy Priorities and who served as Biden’s chief economic advisor from 2009-11; Heather Boushey, president and CEO at

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now’s the time to seek advice


COVID has accelerated changes in payments such that we’re already in a different landscape – and companies urgently need to make sure they’re ready.

COVID has changed payments for good

Amidst the tragedies and challenges we’ve lived through in the last six months, says Kriya Patel, CEO of Transact Payments Limited, one emerging theme is how COVID has accelerated existing trends – like working from home – and changed our lives in the process.

Payments is no different: there has been rapid and comprehensive change in our business – and plenty of opportunities to embrace. But the pace of

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CDC is worried Americans aren’t following its advice as U.S. cases continue to rise


Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention, speaks during the daily briefing of the White House Coronavirus Task Force, at the White House April 17, 2020 in Washington, DC.

Alex Wong | Getty Images

CDC Director Robert Redfield said Thursday that he’s “very concerned” the agency’s public health message on the coronavirus isn’t “resonating” with the public as the number of cases continues to rise across the U.S.

Testifying before the House Appropriations Committee, Redfield said he sees “a lot of people” not wearing masks in Washington, D.C., where he works, while many people do

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Exclusive: American Airlines in talks to hire Millstein for aid advice


NEW YORK (Reuters) – American Airlines Group Inc (AAL.O) is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.

FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March 4, 2019. Picture taken March 4, 2019. REUTERS/Lucy Nicholson

Millstein is one of Wall Street’s most seasoned debt restructuring bankers and from 2009 to 2011 was the chief architect of the Obama

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