Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury

As President-Elect Biden continues to round out his roster of appointees, he has tapped an Obama-era chair of the Federal Reserve to lead his administration’s economic policy.

According to a Wall Street Journal exclusive published on Nov. 23, the Biden team plans to nominate Janet Yellen to serve as Treasury Secretary. Obama originally appointed Yellen to the Fed in 2014, where she remained until early 2018.