Biden team considers former Fed chief Janet Yellen for Treasury Secretary: report
Lael Brainard, Roger Ferguson, John Rogers being floated for Biden Treasury secretary: Gasparino
Sources tell FOX Business’ Charlie Gasparino that lower odds are being given to Elizabeth Warren and BlackRock CEO Larry Fink for the position.
Former Federal Reserve Chair Janet Yellen is under consideration to be President-elect Joe Biden’s Treasury Secretary, people familair with the matter told Bloomberg.
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Yellen has reportedly withdrawn from at least one upcoming speaking engagement because she is now in contention for the role, according to an individual familiar with the matter.
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The consideration of Yellen comes as Biden has comitted to picking a diverse cabinet. If Yellen were chosen, she would be the first female to hold the Treasury Secretary position in U.S. history.
Yellen already made history back in 2014 when she became the nation's first female chair of the Federal Reserve, replacing Ben Bernanke. In addition to serving as Federal Reserve chair from 2014-2018, Yellen previously served as Vice Chair of the Federal Reserve from 2010-2014, President and CEO of the Federal Reserve Bank of San Francisco from 2004-2010, and chair of the White House Council of Economic Advisors from 1997-1999. She currently is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, as well as an adviser to the Magellan Group.
A spokesperson for the Brookings Institution did not immediately return FOX Business' request for comment.