By Nikhila Natarajan
New York, Nov 24 (SocialNews.XYZ) US President-elect Joe Biden plans to nominate former chief of the Federal Reserve Janet Yellen as America's next Treasury secretary, according to a news break by The Wall Street Journal.
If confirmed, Yellen would become the first woman to lead the Treasury, the central bank and the White House Council of Economic Advisers. She was the first woman to lead the Federal Reserve.
Yellen, 74, is an expert on unemployment and will wade into a tanking economy with a still-elevated national unemployment rate of 6.9 per cent during the coronavirus pandemic.
Yellen was an economic adviser to Biden's campaign.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz