Joe Biden

Summary List Placement

President-elect Joe Biden said Thursday he has picked his Treasury Secretary, and that he will announce the nominee in the coming weeks.

“You’ll soon hear my choice for Treasury,” Biden told reporters at a news conference in Wilmington, Delaware. “We made that decision, and you’ll hear that just before or just after Thanksgiving.”

Biden also said his pick will unite the Democratic Party.

“It’s someone who will be accepted by all elements of the Democratic Party, from the progressive to the moderate coalitions,” he added.

Early on Thursday, Biden’s team indicated to allies in the business community that the President-elect had narrowed down his list for Treasury secretary to at least three people, according to people with knowledge of the matter, per CNBC.

The front-runners for the role include economist Lael Brainard, a member of the Federal Reserve Board of Governors. She served as economic adviser to former President Clinton and then as Treasury undersecretary in the Obama administration. 

Another potential pick is Roger Ferguson, a former vice chairman of the US Federal Reserve. He announced his retirement as CEO of fund manager Teachers Insurance and Annuity Association on Tuesday, the Wall Street Journal reported.

Janet Yellen, former chair of the Federal Reserve, …read more

Source:: Businessinsider – Politics


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