Yellen Treasury Pick Lifts Stock Markets; Dow Eyes 30,000
Investors tend to be optimists. After all, the stock market has been one of the most amazing elements of financial success for generations, with top companies finding fresh ways to overcome new obstacles in their pathways to growth.
Yet that doesn't make it any less scary to face the unknown. When the future is uncertain, it can be comforting to see a familiar face emerge in a new role. That's what's going to happen in the Treasury Department come 2021, according to reports, and the decision eliminates a major source of anxiety about the direction that the Biden administration would choose for its economic policy.
Image source: Getty Images.
Source Fool.com