Former US Federal Reserve Chair Janet Yellen had been among a team of advisers which briefed Joe Biden. Former US Federal Reserve chair Janet Yellen is under consideration to be President-elect Joe Biden’s Treasury secretary, according to people familiar with the matter, joining other possible contenders, Bloomberg reports. Yellen has withdrawn from at least one upcoming speaking engagement because she is now in contention for Treasury secretary, one of the people familiar with the matter said. Biden has promised to pick a diverse cabinet, which means he could choose the first Black or female Treasury secretary in history. A spokesman for the Biden transition team said it was not making any new personnel decisions yet.

Source: The Standard November 15, 2020 07:18 UTC