Yellen to be the only government official permitted to speak on the dollar

The new administration of incoming President Biden is to restore the norm where no other cabinet officials or White House staff apart from the Treasure Secretary will talk about the dollar.

So says a US media source citing an unnamed transition official.

(This would not apply to the Fed of course).

Janet Yellen has been nominated as the new Treas Sec, she testifies on Tuesday:

• Yellen will affirm commitment to a market-determined level for the USD rate