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President Obama nominates Dr. Janet Yellen to succeed Ben Bernanke as Chair of the Board of Governors of the Federal Reserve. Dr. Yellen has served in leadership positions at the Fed for more than a decade, including the last three years as Vice Chair. She also served previously as the Chair of the Council of Economic Advisers, and was a leading researcher in monetary economics at Harvard and Berkely. She has been tapped to serve as Treasury secretary by Joe Biden.
Biden’s Pick for Treasurer Opposed China Tech Restrictions
Democratic U.S. presidential contender Joe Biden intends to make former Federal Reserve chairwoman Janet Yellen his administration’s Secretary of the Treasury, The Wall Street Journal reports, citing “people familiar with the decision.” An economist by...