If confirmed by the Senate, Yellen would be the first woman to lead the department.
Yellen was the first woman to serve as Federal Reserve’s chair after her Senate confirmation in 2014.
Yellen, 74, is widely seen as a politically “safe” pick for the role, likely to garner support from Senate Republicans as someone capable of pursing bipartisan compromise during an otherwise fragile time for the economy.
A graduate of Brown and Yale universities, Yellen was also the first woman to serve as Fed chair after her Senate confirmation in 2014.
Her four-year tenure at the helm of the Fed, marked by an improving jobs market and historically low interest rates, may also boost her odds for confirmation.
Janet Yellen is an excellent choice for Treasury Secretary. Having had the opportunity to work with then-Chair Yellen, I have no doubt she will be the steady hand we need to promote an economy that works for everyone, especially during these difficult times. Congratulations.
Director of national intelligence
In other News, Avril Haines has been named as the next director of national intelligence
Haines, 51 tapped by President-elect Joe Biden to be the top U.S. spy, is a former CIA No. 2 who would be taking over as the chief overseer of a U.S. intelligence community beset by low morale and charges its work has been used for political attacks.
Haines has the respect of many in the intelligence community, former director of the CIA John Brennan told NPR. Her intelligence career spans over a decade: from the White House to the CIA, the NSC to the Department of State