WASHINGTON—The Senate Finance Committee is set to hold a hearing on Janet Yellen’s nomination to be Treasury secretary on Jan. 19, the day before Pres
WASHINGTON—The Senate Finance Committee is set to hold a hearing on Janet Yellen’s nomination to be Treasury secretary on Jan. 19, the day before President-elect Joe Biden is inaugurated, according to a Senate aide.
Ms. Yellen, the former chairwoman of the Federal Reserve, is expected to easily win confirmation, and has already received support from several Republicans.
If confirmed by the Senate, Ms. Yellen would become the first woman to hold the Treasury secretary job. Mr. Biden’s selection positions the 74-year-old labor economist to lead his administration’s efforts to further the recovery from the destruction caused by the coronavirus pandemic and shutdowns.
Ms. Yellen, who was the first woman to lead the Fed, would become the first person to have headed the Treasury, the central bank and the White House Council of Economic Advisers.
A person familiar with the process said it wasn’t immediately known how quickly Ms. Yellen would get a confirmation vote, due to the changeover in control of the Senate to the Democrats from the Republicans around Jan. 20, and the looming possibility of a second impeachment trial for President Trump that could start at around the same time.