JANET Yellen is expected to become treasury secretary for Joe Biden.
The New York-born Yellen will make history when she serves in the next administration beginning in January.
Who is Janet Yellen?
Yellen would be the first woman to lead the Treasury Department and was also the first woman to be Fed chair, from 2014 to 2018.
She became an adviser to Biden's campaign after leaving the Fed.
She also became a distinguished fellow in residence at the liberal Brookings Institution in Washington.
During her tenure as Fed chair, the central bank began shifting much of its policy focus from fighting inflation to trying to maximize employment.
She made many visits to employment training centers to spotlight the need for programs to equip people for good jobs.
Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her PhD in economics from Yale in 1971.
She was born on August 13, 1946, and grew up in Brooklyn.
What is the treasury secretary's job?
Yellen would represent the Biden administration in global financial affairs and lead a department whose responsibilities range from the government's finances and tax collections to global currency markets, bank regulation and the printing of money.
She would also be a key adviser to Biden and a public spokesperson for his economic agenda.
Yellen would also take on the formidable task of helping negotiate economic policy with Republican Mitch McConnell, should he remain Senate majority leader with two Senate runoff elections in Georgia looming in early January.
Who else has Biden picked for his administration?
Biden has announced picks for multiple Cabinet-level positions ahead of his January 20 inauguration.
The formal announcement on Biden filling out his administration came on Monday after the nominations began to trickle out to the news media.
Biden confirmed that he is going to nominate Antony Blinken for secretary of state.
Blinken served as deputy secretary of state and deputy national security adviser in the Obama administration.
Biden has also picked nominees for Homeland Security, United Nations ambassador, special presidential envoy for climate change, director of national intelligence, and national security adviser.
John Kerry – a Vietnam War vet, former secretary of state, and senator who ran for president in 2004 and lost to George W Bush – has been nominated to lead the Biden administration's climate change effort.
Alejandro Mayorkas will be nominated as the secretary for the Homeland Security – the first-ever Latino and immigrant to serve as secretary.
Biden has chosen Avril Haines to serve as the director of national intelligence, and Linda Thomas-Greenfield, as the US ambassador to the United Nations.
Haines served as the deputy CIA director from 2013 to 2017, and was the first woman to hold that office – and is the first woman nominated to lead the intelligence community.
Jack Sullivan is expected to serve as national security adviser.
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