The TSP previously assured the public that “G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government.”
Biden announced he would nominate Janet Yellen, the former Federal Reserve chair, to lead the Treasury Department, and former Clinton and Obama adviser Neera Tanden to serve as director of the Office of Management and Budget.
President Donald Trump picked Powell after deciding to break with recent tradition and not offer Janet Yellen, the first woman to lead the nation’s central bank in its 100-year history, a second four-year term.
President Donald Trump said Tuesday that he is likely to make his selection for the next Federal Reserve chairman from five candidates, a group that includes current Chair Janet Yellen.
In a speech to an annual conference of central bankers, Federal Reserve Chair Janet Yellen implicitly rejected efforts to scrap the 2010 Dodd-Frank law as a threat to the economy.