Janet Yellen set to become America's first female Treasury Secretary

Biden Reportedly to Choose Janet Yellen as US Treasury Secretary

The outgoing administration could make rectifying this situation more hard for Yellen: Treasury Secretary Steven Mnuchin provoked rare criticism from central bank officials when he announced last week that funding for emergency Fed programs to stabilize small- and medium-size businesses would be cut off at the end of the year, a move Biden allies charged was calculated to hamstring the president-elect's ability to counteract the economic devastation of the pandemic without protracted congressional wrangling.

A passionate economist with a scholarly, sometimes jargon-laden manner of speech, Yellen is married to George Akerlof victor of the Nobel Prize in Economic Sciences.

Her academic and public service background sets her apart from current Treasury Secretary Steven Mnuchin, who spent years as an investment banker and film producer. She doesn't have an easy job ahead of her.

Then-US Federal Reserve chair Janet Yellen smiles as she attends a conference at the European Central Bank headquarters in Frankfurt am Main, Germany, on November 14, 2017.

Salah to return for Liverpool against Atalanta, confirms Klopp
On Monday, we have UEFA testing and I am pretty sure he will be in that", Klopp said during a press conference. We did well at Atalanta , but we need to do well again otherwise we will have problems.

She's close to the progressive economic elite, and Yellen has gone beyond Biden by calling for a carbon tax to fight climate change. President Donald Trump's former National Economic Council director Gary Cohn extended his congratulations on Twitter. At the end of 2017, Yellen dismissed the notion that the Fed was looking into issuing a digital dollar.

Yellen is seen as a consensus candidate, who is viewed as palatable within the progressive wing of the Democratic Party and is not expected to face strong opposition from Republicans in a Senate confirmation process. Yellen is a graduate of Brown and Yale universities, Yellen was also the first woman to serve as Fed chair.

With the USA budget deficit soaring, that would be an issue she must face again. Keep comments relevant to the article.

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