In the voting of the Senate General Assembly, 84 senators voted “yes” for Yellen to become the Minister of the Treasury, while 15 senators voted “no”.
Thus, Yellen became the first woman to become the Treasury Department in US history.
Yellen also received approval from the US Senate Finance Committee on Friday.
Yellen, an experienced economist, became the first woman president of the Fed in 2014. Jerome Powell was appointed to the post in 2018, after former US President Donald Trump did not nominate Yellen again for the presidency of the Fed.
Yellen told the Senate’s Finance Committee on January 19 that if her appointment to the Treasury Secretary’s post was approved, she would focus on the needs of American workers living in urban and rural areas and to have a competitive economy.
Emphasizing that more support will be needed within the scope of combating the new type of coronavirus (Kovid-19) epidemic, Yellen said, “The smartest thing we can do with interest rates at historically low levels is to play big.” found the evaluation.
On the other hand, Didem Nişancı, of Turkish origin, will accompany Yellen as the private secretary in the Ministry of Treasury.
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