Janet Yellen, the former president of the American Central Bank (Fed), was confirmed Monday, January 25 by the Senate to become the new Minister of Finance.
The 74-year-old is the third member of Joe Biden's government whose appointment has received the green light from elected officials after Pentagon chief Lloyd Austin and Director of Intelligence Avril Haines.
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A respected Democrat and economist, the former Fed boss was chosen by President Joe Biden to replace Steven Mnuchin as head of the Ministry of Economy and Finance amid the economic crisis caused by the Covid-19 pandemic .
