Fed Funds Rate: 0.08%
Federal Reserve Target: 0.25%
Prime Rate: 3.25%
Major political/legal event in the United States:
Biden to nominate Janet Yellen for Treasury secretary
Axios reports that presumptive U.S. president-elect, Joseph R. Biden, will announce later today his choice of Janet Yellen as U.S. Secretary of the Treasury. Ms Yellen, 74, served as chairman of the Board of Governors of the Federal Reserve System from 2014 to 2018.