Janet Yellen is Biden's pick for US Treasury Secy, another glass ceiling is shattered - New York News
by IANS
Updated Nov 23, 2020
If confirmed, Yellen, 74, would become the first woman to lead the Treasury. She was also the first woman to lead the Federal Reserve, from 2014 to 2018. This year, she took on an unusual political role for a former Fed chair, becoming an adviser to the Biden presidential campaign.
Yellen, an expert on unemployment will wade straight into her area of expertise in 2021. The American economy has been hammered by a pandemic-triggered recession and anxiety is spiralling in the absence of social safety nets.
Biden said last week that his choice for treasury secretary would be "someone who I think will be accepted by all elements of the Democratic Party, progressives through the moderate coalition."
Yellen is married to George Akerlof, a Nobel Prize-winning economist.
News of Yellen's imminent ascension to Treasury is in line with chatter in Washington all week about more glass ceilings that will be shattered by the Biden team.
Post-election, Biden has promised that his Cabinet will look like America and will be the most diverse in the country's modern political history.
Biden's running mate and now Vice President-elect Kamala Harris is the first woman and the first Indian and Black American to ever rise to the highest political office in the United States.
November 24, 2020 Other New York
- New therapy for flu may help fight Covid-19: Study
- Preparing to accept defeat, Trump agrees to Biden transition (Ld)
- News media bargaining code: Where Google and publishers' ideas of the audience collide
- Trump virtually concedes defeat, agrees to Biden transition
- Janet Yellen tipped for US Treasury Secy
- Biden's Secretary of State-designee Blinken sees India ties as 'high priority' (Ld)
Related Articles
- Gervonta Davis Ethnicity, What is Gervonta Davis's Ethnicity?
- Emma Myers Religion What Religion is Emma Myers? Is Emma Myers a Christian?
- Remy Ma Religion What Religion is Remy Ma? Is Remy Ma a Christian?
- Ivanna Sakhno Religion What Religion is Ivanna Sakhno? Is Ivanna Sakhno a Christian?
- Kurt Angle Religion What Religion is Kurt Angle? Is Kurt Angle a Christian?
- Danielle Jonas Religion What Religion is Danielle Jonas? Is Danielle Jonas a Christianity?
- Sheryl Crow Religion What Religion is Sheryl Crow? Is Sheryl Crow a Christian?
- Sara Evans Ethnicity, What is Sara Evans's Ethnicity?
- Matt Gay Ethnicity, What is Matt Gay's Ethnicity?
- George Lopez Ethnicity, What is George Lopez's Ethnicity?