Janet Yellen to be first woman in the Office of the Secretary of the Treasury

The news came from the Associated Press (AP), which confirmed the information with a source, who requested anonymity, aware of the process of choosing the members of Biden’s team for the next four years.

Yellen, who is an admired figure in the financial world, will be the first woman to lead the Treasury Department.

As Secretary of the Treasury, Yellen will begin the Biden administration’s first four-year term with the US economy weakened by the pandemic.

Unemployment which has soared, the replacement of mandatory confinement measures in several US cities to mitigate the spread of SARS-CoV-2, and the uncertainty that is dominating the markets are obstacles Yellen will face. by the end of January.

Janet Yellen, 74, who was also the first woman to head the Fed (2014-2018), was one of the presidential advisors on Biden’s nomination.

Among the functions of the future Secretary of the Treasury will be the negotiation of US economic policy with Senator Mitch McConnel, a Republican elected from Kentucky, who will continue to be the leader of the Republican majority in the Senate.

Also today Biden will have chosen Antony Blinken to lead American diplomacy and John Kerry, an elected senator in Massachusetts and former presidential candidate, to lead the fight against climate change.

Alejandro Mayorkas will be the next Secretary for Homeland Security – he already served as Undersecretary in this portfolio between 2013 and 2016, in the Obama administration.

Joe Biden is therefore making great strides in setting up the next administration, even as the current president of the United States, Republican Donald Trump, continues without admitting defeat in the presidential election on November 3 and tries at all costs to challenge the results. and restore the most important states.

The president-elect is building the team without, however, being able to access federal funds to start putting the strategy he outlined, such as the ‘task force’ to fight covid-19, since Trump and the current administration are blocking the power transition process.