Yellen's confirmation hearing for U.S. Treasury set for Jan 19: BBG

FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo

(Reuters) – The Senate Finance Committee will hold Janet Yellen’s confirmation hearing for U.S. Treasury secretary on Jan. 19, the day before President-elect Joe Biden is sworn into office, Bloomberg News reported on Tuesday.

Yellen, who served as head of the U.S. Federal Reserve from 2014-2018, is expected to win confirmation in the Senate and is likely to be one of the first Biden cabinet picks to be confirmed, although the process may be disrupted by plans to impeach outgoing President Donald Trump, who leaves office on Jan. 20, for his role in the Jan. 6 riots on Capitol Hill.

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