Yellen, considered a pioneering Jewish economist, was chosen by president-elect Joe Biden to be the next US Treasury secretary back in November. However, she still requires a formal approval from the US Senate for the nomination to be final. According to The Guardian, Ben Bernanke, who served as chair of the US Federal Reserve prior to Yellen, earned about $250,000 for a single speech after leaving the central bank. At the moment, no hearings for Biden nominees have been scheduled in the Senate, according to WSJ. If Democrats manage to win both, they will have control in the Senate and will be able to schedule the hearings.

Source: Wall Street Journal January 01, 2021 20:03 UTC