By MARTIN CRUTSINGER, AP Economics Author
WASHINGTON (AP) — Janet Yellen was sworn in Tuesday because the nation’s 78th Treasury secretary and the primary lady to carry the workplace.
She was sworn in by Vice President Kamala Harris at a ceremony carried out outdoors on the East Touchdown of the White Home with a view of the Treasury Division that Yellen will lead. Yellen’s husband, George Akerlof, winner of the 2001 Nobel prize in economics and their son Robert, additionally an economist, have been current for the transient ceremony.
Yellen turned the third of President Joe Biden’s Cupboard nominations to win Senate approval on a vote of 84-15 late Monday. The entire no votes got here from Republican senators.
The administration has emphasised the necessity to get its nominees accepted shortly given the threats going through the nation from a world pandemic and a slumping economic system.
Yellen enters the Treasury job after a few years serving in different high financial jobs, together with as the primary lady to function chair of the Federal Reserve from 2014 to 2018.
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