Yellen to Affirm Commitment to Market-Determined Dollar: WSJ

Janet Yellen is expected to affirm the U.S.’s commitment to market-determined dollar value and give assurances that the U.S. won’t seek a weaker dollar for competitive trade advantage, the Wall Street Journal reported, citing Biden transition officials familiar with her preparation for her confirmation hearing.

Yellen, former chair of the Federal Reserve, is set to testify to the Senate Finance Committee on Tuesday. She’s expected to win the confirmation as Treasury secretary easily in the Senate.