Biden Selects Former Fed Chair Janet Yellen To Be First Female Treasury Secretary

President-elect Joe Biden selected former Federal Reserve Chair Janet Yellen to serve as the first female Treasury Secretary on Wednesday.As the chair of the Federal Reserve from 2014 to 2018, Yellen headed a slow increase of interest rates while closely monitoring the labor market — helping to create a foundation that drove unemployment to its lowest rate in 50 years.As a Keynesian economist, she has advocated for increased fiscal spending to boost the economy amid the coronavirus pandemic. Her appointment appears to have inspired faith in the stock market, as the Dow Jones Industrial Average…

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