Joe Biden names Janet Yellen as pick to head Treasury Department which will make her the first woman in the role

US President-elect Joe Biden has announced his senior economic team, including his plans to nominate the first woman to head the Treasury Department as well as several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations.

In a statement Mr Biden said he would nominate Janet Yellen, the former Federal Reserve chair, to lead the Treasury Department, and former Clinton and Obama adviser Neera Tanden to…