URGENT: Biden says will nominate ex-Fed chair Yellen as treasury secretary

U.S. President-elect Joe Biden said Monday that he plans to nominate former Federal Reserve chairwoman Janet Yellen to become the first-ever female treasury secretary, putting the seasoned economist in a key role to lead the country out of the setback caused by the coronavirus pandemic.He also announced other key members of his economic team, including Cecilia Rouse, an economist picked to become chairwoman of the Council of Economic Advisers.

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HEDGE accordingly