It is expected that President-elect Joe Biden nominates Janet Yellen to the Minister of Finance, US media reported.

If confirmed by the Senate, she would be the first woman to hold that position in U.S. history.

The 74-year-old economist was previously the head of the Federal Reserve, ie the US Central Bank, and the leading economic adviser to former President Bill Clinton.

Janet Yellen is credited with helping manage the economic recovery following the 2007 financial crisis and the recession that followed.

As chair of the U.S. Federal Reserve, Janet was known for focusing more on the impact of bank policy on workers and the cost of growing U.S. inequality.

© The Eastern Herald
If you still got here …
… means that you liked the article or are concerned with the subject. We want to come up with as many articles as you can read to the end. Now you can tell the journalists directly what you want to read and in what format. We keep journalism NOW open to all. Simply visit contact us and let us know about it. We have no oligarchs or politicians behind us and no one dictates to the publisher how to write about one subject or another. Your support will help us maintain this independence. Any contribution, no matter how big or small, is extremely valuable to us. Support NOW with only $10 per month. Thank you.

Follow us on Google News! and Flipboard!