Democrat US president-elect Joe Biden has reportedly named former Federal Reserve chair Janet Yellen as Secretary of the Treasury, continuing a near-perfect record of re-recruiting former Obama staffers to fill his cabinet. Yellen, who became the first woman to serve as Fed chair in 2014, was floated as Biden’s Treasury pick by the Wall Street Journal on Monday. If confirmed, she will be returning to Washington after two years in the private sector with the Brookings Institution. Despite her controversial 2017 claim that the US would not see another economic crisis like the one her predecessor Ben Bernanke presided over in 2008 “in our
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