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Former Fed Chair Yellen Faces Tough Challenges as Biden's Treasury Secretary

Rob Garver

   By turning to Janet Yellen to become the next secretary of the
   Treasury, President-elect Joe Biden is betting that her gravitas as the
   former head of the nation's central bank and her past political
   experience as chair of the Council of Economic Advisers will serve her
   well as the U.S. economy struggles to come back from a deep
   pandemic-driven recession.

   Yellen's prospective elevation to the office first occupied by
   Alexander Hamilton would make her the first woman to hold the job of
   the nation's leading economic policy maker in 231 years. Her
   anticipated choice as Treasury secretary was first reported by The Wall
   Street Journal.

   In an administration that will include the first woman ever to serve as
   vice president, in Kamala Harris, Yellen joins other women Biden is
   appointing to senior positions. So far, he has tapped career
   intelligence official Avril Haines as the next director of national
   intelligence and State Department veteran Linda Thomas-Greenfield as
   U.S. ambassador to the United Nations.

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