Janet Yellen was legitimately appointed as the first woman to hold the portfolio as United States (US) Secretary of the Treasury after receiving a majority vote from the Senate.
Yellen, who heads the US Federal Reserve (Fed) from 2014 to 2018, previously won bipartisan support from members of the Senate Finance Committee.
He will be responsible for guiding the economic response of President Joe Biden's administration to the Covid-19 pandemic.
Earlier, Yellen urged Congress to approve more pandemic and economic stimulus packages and stressed that lawmakers should act boldly without having to worry about national debt.
Clearly Yellen, many families whose income is affected and cannot be rehabilitated just through the unemployment program.
He argues that the plan to raise taxes must be seen in the context of financing the larger investments needed to make the US economy competitive.
"The focus now is not on tax increases. This is related to the program to help us overcome the pandemic, "he said.
When Yellen became head of the Fed, he often stressed the issue of the impact of central bank policy on workers and the rising cost of US inequality.
His focus on the employment sector, rather than inflation, gave Yellen a reputation for providing low interest rates to lenders, thus driving the country's economic activity.
Prior to that, he was a member of the Fed board of directors for a decade including being appointed vice chairman for four years.
Yellen was appointed Fed Chairman by former President Barack Obama but he was forced to resign after former President Donald Trump refused to extend his 'contract' for a second term.
