Former chair of Federal Reserve would be first woman to hold nation’s top economic position
President-elect Joe Biden will nominate former Federal Reserve chair Janet L. Yellen as his treasury secretary, according to three people in close communication with aides to the president-elect.
Yellen, who was appointed chair of the Federal Reserve by President Barack Obama, would be the first woman to lead the Treasury Department if confirmed by the Senate. Biden said last week that he has decided on his choice for treasury secretary and that the name would be announced publicly either shortly before or after the Thanksgiving holiday.
On Monday afternoon, Biden adviser Jen Psaki wrote on Twitter: “The President-elect looks forward to announcing some members of his economic team early next week who will work with him to build the economy back better.” Continue reading.