Biden formally taps Yellen as his nominee for treasury secretary

WASHINGTON — US President-elect Joe Biden selects former Federal Reserve chair Janet Yellen as his choice for Treasury secretary.

“Janet Yellen is nominated to serve as Secretary of the Treasury. If confirmed, she will be the first woman to lead the Treasury Department in its 231-year history,” Biden’s transition team says in a statement.


Former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington, August 14, 2019. (AP Photo/Andrew Harnik, File)