Biden will reportedly nominate Janet Yellen to lead Treasury

(Image credit: BRENDAN SMIALOWSKI/AFP via Getty Images)

published 23 November 2020

President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen to lead the Treasury Department, people familiar with the decision told The Wall Street Journal. Yellen declined to comment, the Journal notes.

If confirmed, Yellen would become the first woman to fill the role, as well as the first person to head the Treasury, the central bank, and the White House Council of Economic Advisers.

Yellen oversaw the Fed between 2014 and 2018. She was originally nominated by former President Barack Obama and was confirmed by the Senate with bipartisan support, including three sitting Republican lawmakers — Sens. Richard Burr (R-N.C.), Susan Collins (R-Maine), and Lisa Murkowski (R-Alaska). That seemingly increases her chances of getting through the process again, even if the GOP holds on to its majority.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.

Subscribe to The Week

Sign up for The Week's Free Newsletters

Sign up for Today's Best Articles in your inbox