President-elect Joe Biden will name former Federal Reserve Chair Janet Yellen as his Treasury secretary nominee, according to a report by The Wall Street Journal.
Yellen, a fellow at the Brookings Institution, would be the first woman to serve as Treasury secretary. She had been seen as a top candidate for the position, and one who could probably be confirmed by the Senate even if it is in GOP hands after the results of two runoff elections in Georgia in January.
The Senate in 2014 confirmed Yellen as Fed chair in a 56-26 vote, though many of the Republicans who backed her then are no longer members of the Senate.
Yellen’s nomination would be the latest signal of Biden’s effort to set up a diverse Cabinet. On Monday he announced he would nominate Alejandro Mayorkas to serve as Homeland Security secretary, Avril Haines to be director of national intelligence and Linda Thomas-Greenfield to serve as the U.S. ambassador to the United Nations.
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#BREAKING: Biden to nominate Janet Yellen as Treasury secretary: report https://t.co/LTTZkcF0bN pic.twitter.com/IxnXEye4ma
— The Hill (@thehill) November 23, 2020
Diversity is fine. Just so these nominees are actually capable of doing their jobs. Presidents have always picked relatives, friends, golfing buddies, frat brothers and donors for these position. With Trump this practice was on steroids and the results have largely been disastrous. Let’s hope Biden’s picks, if confirmed, are actually qualified.
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