President-elect Joseph R. Biden Jr. said on Thursday that he had chosen his nominee for Treasury secretary and that he would announce the pick in the near future.
Mr. Biden, at a news conference following a meeting with U.S. governors, said he believed the selection would be accepted by “all elements of the Democratic Party.” He said the choice would be unveiled just before or just after Thanksgiving.
Mr. Biden has been widely expected to choose a Treasury secretary that would make history. The job has only been held by white men in its 231-year history.
Those believed to be on the shortlist include Lael Brainard, a Federal Reserve governor, Janet L. Yellen, the former Fed chair, and Roger W. Ferguson Jr., a former Fed governor and business executive.
Mr. Biden said on Thursday that he believed his choice would satisfy both the moderate and progressive wings of the Democratic Party.
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