Janet Yellen tipped for US Treasury Secy

By Nikhila Natarajan
New York, Nov 24 : US President-elect Joe Biden plans to nominate former chief of the Federal Reserve Janet Yellen as America’s next Treasury secretary, according to a news break by The Wall Street Journal.

If confirmed, Yellen would become the first woman to lead the Treasury, the central bank and the White House Council of Economic Advisers. She was the first woman to lead the Federal Reserve.

Yellen, 74, is an expert on unemployment and will wade into a tanking economy with a still-elevated national unemployment rate of 6.9 per cent during the coronavirus pandemic.

Yellen was an economic adviser to Biden’s campaign.

Disclaimer: This story is auto-generated from IANS service.

READ:  Odisha seeks Rs 7,200 cr for railways in Union Budget 2021-22
Subscribe us on The Siasat Daily - Google News
Back to top button