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US Treasury Secretary Janet Yellen: a woman is elected for the first time

The US Senate gave approval to the former US Federal Reserve (FED) President Janet Yellen, who was nominated by President Joe Biden for Treasury Secretary. Yellen was the first woman to be appointed to this post.

US Treasury Secretary Janet Yellen becomes

In the voting held in the Senate General Assembly, 84 senators voted “yes” for Yellen to become Minister of the Treasury, while 15 senators voted “no”.

Thus, Yellen became the first woman in US history to hold the post of Treasury Department.

Yellen also received approval from the US Senate Finance Committee on Friday.

Yellen, a seasoned economist, became the first woman president of the Fed in 2014. Jerome Powell was appointed to the post in 2018, after former US President Donald Trump did not re-nominate Yellen for Fed president.

In a speech on January 19 at the Senate’s Finance Committee, Yellen stated that if his appointment to the Treasury Secretary post is approved, he would focus on the needs of American workers living in urban and rural areas and to have a competitive economy.

Emphasizing that more support will be needed within the scope of combating the new type of coronavirus (Covid-19) pandemic, Yellen said, “The smartest thing we can do with interest rates at historically low levels is to play big.” had found the assessment.

On the other hand, Didem Nisanci, will accompany Yellen as a special pen manager in the Ministry of Treasury.

Written by Maraaz

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Who is Didem Nisanci?