“President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as Treasury secretary, a historic decision that could result in the nation’s first woman to lead the department, according to people familiar with the matter. Yellen, 74, is widely seen as a politically ‘safe’ pick for the role, likely to garner support from Senate Republicans as someone capable of pursing bipartisan compromise during an otherwise fragile time for the economy” – CNBC.