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Janet Yellen, Jewish former Fed chief, on Biden’s treasury secretary short list

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21.11.2020

JTA — US President-elect Joe Biden announced on Thursday that he has made his pick for treasury secretary and that he’ll announce the choice around Thanksgiving.

He added that he thinks the pick will be “accepted by all elements of the Democratic Party,” from the “progressive to the moderate coalitions.”

Janet Yellen, the pioneering Jewish economist who was the first woman to head the Federal Reserve, is on Biden’s shortlist, according to multiple reports. (The other Jewish woman on the list is Sarah Bloom Raskin; read about her here.)

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Here’s what you need to know about Yellen.

She’s one of the most respected people in her field

Yellen, 74, began her career in academia before joining the board of governors of the Federal Reserve, the central bank that controls monetary policy, in 1994.

She worked for former US president Bill Clinton as a member of the Council of Economic Advisers in the late 1990s. Then in 2004, the Bay Area resident — her Jewish husband and fellow economist George Akerlof taught at the University of California, Berkeley — became president of the Fed’s San Francisco branch.

Former US president Barack Obama appointed her as vice chair of the Federal Reserve in 2010, before........

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