US President-elect Joe Biden plans to nominate former chief of the Federal Reserve Janet Yellen as Americas next Treasury secretary, according to a news break by The Wall Street Journal.

If confirmed, Yellen, 74, would become the first woman to lead the Treasury. She was also the first woman to lead the Federal Reserve, from 2014 to 2018. This year, she took on an unusual political role for a former Fed chair, becoming an adviser to the Biden presidential campaign.