Former Federal Reserve Chairman Janet Yellen is mentioned as a potential candidate to become U.S. Treasury Secretary. The Bloomberg News Agency claims, based on insider information, that the upcoming President Joe Biden would consider her one of the candidates. It is well known that she did not have a good relationship with President Donald Trump. He complained several times about her policy as head of the central bank. In turn, Yellen criticised Trump’s plans during his 2016 election campaign.
In 2018, Obama appointed Yellen as president of the Fed for only four years. A spokesman for the Biden camp stressed that no decisions on appointments have yet been taken. Biden has indicated that he is striving for a diverse Cabinet. This may mean that the United States can face its first black or female finance minister.