Biden to tap former Fed Chair Janet Yellen as Treasury secretary: report

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President-elect Joe Biden will reportedly nominate former Federal Reserve Chair Janet Yellen to serve as Treasury secretary in his administration, which would make her the first female to hold the Cabinet post.

The Washington Post National Political Reporter Annie Linsky discusses President-elect Joe Biden's considerations for his Treasury secretary pick.to serve as Treasury secretary in his administration, which would make her the first female to hold the Cabinet post.IF JANET YELLEN BECOMES TREASURY SECRETARY, SHE WOULD MAKE HISTORY AGAIN

The Biden Transition Team declined to comment to Fox News on the purported nomination. Biden is expected to make a formal announcement on his pick for Treasury secretary before the Thanksgiving holiday. Yellen has a long history of serving under Democratic administrations, becoming the first woman to head the central bank after she was appointed by former President Barack Obama to help guide the U.S. economy in its recovery from the 2008 financial crisis.Yellen also previously served as the head of the Council of Economic Advisors under former President Bill Clinton.

A Brooklyn native, Yellen earned a Ph.D. in economics from Yale in 1971 before rising through the ranks of academia. She served as president of the San Francisco Federal Reserve Bank beginning in 2004 through 2010; in 2010, she was appointed as vice-chair of the Fed's board of governors in Washington.Yellen emerged as Biden’s front-runner for the post, amid a crowded field of potential picks, including Sen. Elizabeth Warren, D-Mass., who progressive groups have pushed for.

Last week, a Warren ally told Fox Business that despite her name being in the mix, they are betting the pick would be Yellen. Progressives aligned with Warren have told FOX Business they'd consider it a victory if Yellen were appointed.Fox Business' Suzanne O'Halloran and Brittany De Lea contributed to this report.

 

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Hey Fox news get the story straight. There are 2 nominees.

💩

Joe Biden does not have the authority to do any of this. Fox News is so fucking fake they’re spreading lies to their followers what little followers they have left. FakeNews FoxNewsIsDead

I thought he was going to appoint Ann M. Bezzler to the treasury.

nice hair

fox news sucks fake fox news=CNN

Good thing she’s young and up and coming.

Biden should just hire his son or maybe daughter in law. It’s common now in our government to hire relatives

So there will be a normal administration again!!!no more bullies!!

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