Biden nominates former Fed Chair Janet Yellen as treasury secretary


  • World
  • Tuesday, 01 Dec 2020

WASHINGTON, Nov. 30 (Xinhua) -- U.S. President-elect Joe Biden on Monday unveiled his economic team, nominating Janet Yellen, former Federal Reserve chair, to lead the Treasury Department.

If confirmed by the Senate, Yellen would be the first woman to serve as U.S. treasury secretary in the department's 231 years of history. She would also be the first person to have served as treasury secretary, chair of the Council of Economic Advisors, and chair of the Federal Reserve.

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