Biden To Nominate Ex-Fed Chair Janet Yellen To Treasury: Source
Faizan Hashmi Published November 24, 2020 | 02:00 AM
Washington, (UrduPoint / Pakistan Point News - 24th Nov, 2020 ) :President-elect Joe Biden will nominate former Federal Reserve Chair Janet Yellen to head the US Treasury, a financial source with knowledge of the incoming administration's decision said Monday.
If confirmed by the Senate, the 74-year-old would make history as the first female head of the department, and be tasked with steering the world's largest economy as it struggles with mass layoffs and a sharp growth slowdown caused by the Covid-19 pandemic.
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