to be his Treasury secretary. The formal announcement — a historic move intended to satisfy competing factions within the Democratic Party — could come as soon as today, as Biden pledged to name his Treasury pick around Thanksgiving. If named and confirmed, Yellen would be the first woman to hold the position.closely watched by green activists
, who see it as crucial to tackling climate change amid concerns about the risks it poses to the financial system. Yellen, who is not the first choice of many environmentalists to head Treasury, has been more outspoken in recent weeks on the role that central banks and other financial regulators must play,Former Fed Chair Janet Yellen testifies during a hearing on Capitol Hill in 2017.
detailing how financial regulators can limit climate risk, while noting that "the scale of the challenge means that carbon prices alone are not enough."through the Financial Stability Oversight Council, which is made up of Treasury and the chiefs of other financial regulators, by asking other agencies what steps they're taking to address climate risk.
Joe Biden Won the Election Now Can the Progressive Left Please Shut Up
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