US President elect Joe Biden names Jenett Yellen as Treasury Secretary

US President-elect Joe Biden has named ex-Federal Reserve chair Janet Yellen as his nominee for treasury secretary. If confirmed by the Senate, she will be the first woman ever to hold the post. She is among several women chosen for top economic positions. The Biden transition team said others were set to break racial barriers if confirmed.

 

Indian American Neera Tanden has been named as



director of the Office of Management and Budget. Mr Biden also named Wally Adeyemo, a former Obama administration official and the first CEO of the former president's nonprofit foundation, as his nominee for deputy treasury secretary. He also unveiled his White House economic team, consisting of economists Cecilia Rouse, Jared Bernstein and Heather Boushey.