November 30th – According to Reuters just reported, Biden announced the nomination of former Federal Reserve Chairman Janet Yellen as Secretary of the Treasury. If confirmed, Yellen will also become the first female finance minister in the United States.
According to the Associated Press, Yellen, 74, has been widely praised in the financial world. If she is officially appointed, she will become the first woman to lead the Treasury Department.
According to Fox News, Yellen served a long time in the Democratic government and was the first woman to take charge of the Federal Reserve.
He was appointed chairman of the Federal Reserve by Obama to help guide the recovery of the U.S. economy from the 2008 financial crisis.
According to the report, Yellen has also previously served as the chairman of the Economic Advisory Committee of the former President Clinton administration.