Washington, July 18 (IANS) Former chiefs of the US Federal Reserve have urged Congress to pass another COVID-19 relief bill as the pace of the country's economic recovery could be slow and uneven.. Image Source: IANS News

New York, Nov 24 : US President-elect Joe Biden plans to nominate former chief of the Federal Reserve Janet Yellen as America's next Treasury secretary, according to a news break by The Wall Street Journal.

If confirmed, Yellen would become the first woman to lead the Treasury, the central bank and the White House Council of Economic Advisers. She was the first woman to lead the Federal Reserve.

Yellen, 74, is an expert on unemployment and will wade into a tanking economy with a still-elevated national unemployment rate of 6.9 per cent during the coronavirus pandemic.

Yellen was an economic adviser to Biden's campaign.

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