US president Joe Biden taps ex-Fed chair Yellen to lead treasury ...United Arab Emirates

Washington: President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person familiar with the transition plans. Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789. Her nomination was confirmed to The Associated Press by a person who spoke on condition of anonymity to discuss Biden's plans. If confirmed as treasury secretary, Yellen would inherit a shaky U.S. economy, weakened by the pandemic recession and now in

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