Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment

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President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to head the Treasury Department, a source close to the transition told NPR Monday, marking the first time a woman will head the powerful agency.

Then-Federal Reserve Board Chair Janet Yellen speaks during a briefing in 2017. President-elect Joe Biden reportedly will nominate Yellen as his Treasury secretary.Brendan Smialowski/AFP via Getty Images

Yellen would play a leading role in shaping economic policy as the United States continues to dig its way out of the deep hole caused by the coronavirus pandemic. "Janet Yellen has absolutely shown a willingness to challenge corporate power and not be intimidated by big banks," said Adam Green, co-founder of the Progressive Change Campaign Committee."That is a key ingredient as you rebuild our economy."While the economy has bounced partly back from the pandemic recession, the recovery appears to be losing steam just as the virus is setting new records for daily infections.

At the same time, federal aid that helped jump-start the recovery during the spring and early summer is drying up. Emergency unemployment programs that currently support some 13 million people are set to expire at the end of December.

 

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Well qualified. Great choice.

Just more Obama retreads. When does Hillary come back?

Wow, biden is making moves for sure. Just curious how I haven't heard BernieSanders being nominated for everything, since Biden is all for unity and such. 🤷

Awesome!

Kinda hoping for Elizabeth Warren...

Still to many old white people for my liking 😐

🙌

She needs to clean house. Barr's daughter first to go.

Yes! Raise the rates!

Hi, please check out my gig if you need any kind of graphic design

Geriatric Cabinet!

Great choice.

But does she have shark-like teeth and opera length leather gloves?

Woman belong in Leadership positions!

A good choice.

Just like kairyssdal suggested

Great, a Federal Reserve stooge. Now the middle class will continue to shrink like it has since the 1960's.

We need more jews in government.

I like this!

Excellent pick! Another brilliant woman for his cabinet! 👏👏👏👏

bro should just hire me then they can say they got that young money.

This is diverse and historical

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