LIVE: Jim Cramer on Inauguration, Yellen, Banks, Stock Market Tuesday
Janet Yellen is facing her confirmation hearing. The former Federal Reserve chair is slated to be the first female Treasury Secretary in U.S. history. She is expected to tell Congress that lawmakers must do more to lift the U.S. economy out of the recession brought on by the coronavirus pandemic. “Economists don’t always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now -and long-term scarring of the economy later,” Yellen will say Tuesday, according to her prepared remarks. “Over the next few months, we are going to nee...