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President-elect Joe Biden taps ex-Fed chair Janet Yellen to lead treasury

Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789

Janet Yellen
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File photo of Janet Yellen

AP | PTI Washington
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies, according to a person familiar with the transition plans.
 
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
 
Her nomination was confirmed to The Associated Press by a person who spoke on condition of anonymity to discuss Biden's plans.
 
A path-breaking figure in the male-dominated economics field, Yellen, 74, was

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First Published: Nov 24 2020 | 4:03 AM IST

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