Bloomberg reports that president-elect Joe Biden said he has chosen a Treasury secretary, promising an announcement either next week or the week after.
“You’ll soon hear my choice for Treasury,” Biden said. “I’ve made that decision, we’ve made that decision, and you’ll hear that either just before or just after Thanksgiving.”
Biden is said to have been considering current Federal Reserve governor Lael Brainard, who has previously served in a top political post at the Treasury Department during the Obama administration. He is also said to have considered former Fed governor Roger Ferguson, and former Fed Chair Janet Yellen.
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