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Biden will pick former Federal Reserve chair Janet Yellen to head the Treasury Department

Janet Yellen

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President-elect Joe Biden has picked Janet Yellen to head the Treasury Department, the Wall Street Journal reported on Monday. If the Senate confirms her, Yellen would be the first woman to be treasury secretary.

Biden announced last week he had chosen a treasury secretary, saying it would be “someone who will be accepted by all elements of the Democratic Party, from the progressive to the moderate coalitions.”

Yellen would become the first person to have led the Federal Reserve chair, White House Council of Economic Advisors, and the Treasury. The Biden transition team did not immediately details ⇒

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