WASHINGTON – President-elect Joe Biden said Thursday that he has decided whom he will nominate for Treasury secretary, and that he will make the announcement in the coming weeks.
The top contenders are economist Lael Brainard, a member of the Federal Reserve Board of Governors; Roger Ferguson, the CEO of TIAA; and Janet Yellen, former chair of the Federal Reserve.
He has experience as vice chairman of the Board of Governors of the Federal Reserve.
"The way the federal reserve has been approaching dealing with the dollar, I think has been in a positive direction," said Biden.
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