URGENT: Biden to pick ex-Fed chair Yellen for treasury secretary: WSJ

U.S. President-elect Joe Biden plans to nominate former Federal Reserve chairwoman Janet Yellen to become the next treasury secretary, The Wall Street Journal reported Monday, citing people familiar with the decision.Yellen has been among the possible picks for the role discussed by media outlets. If confirmed by the Senate, the 74-year-old economist would be the first woman to hold the job, according to the newspaper.

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HEDGE accordingly