Yellen’s appointment requires Senate confirmation. Her Fed nomination was approved with bipartisan backing, and she is widely viewed now as a choice that is acceptable to lawmakers of both parties.
Economic policy experts say Yellen will have her work cut out for her: The Covid-19 pandemic has sent the United States plunging into the fastest and steepest economic downturn since the Great Depression, andThe outgoing administration could make rectifying this situation more difficult for Yellen: Treasury Secretary Steven Mnuchin provoked rare criticism from central bank officials when he announced last week that funding for emergency Fed programs to stabilize small- and medium-size...
Biden also faced pressure from the left flank of the Democratic Party to choose a Treasury secretary with roots in academia or government, rather than someone from the private sector. Last Thursday, Biden characterized his selection as “someone who I think will be accepted by all elements of the Democratic Party ... progressive to the moderate coalitions” — a statement many observers interpreted as a hint that Yellen would be his choice.
Although new to the Treasury, the Brooklyn-born Yellen would, in many ways, be on familiar ground. A Yale Ph.D graduate, she has a history of economic policymaking that stretches back decades, including a stint as president of the San Francisco Fed from 2004 to 2010, chair of the Council of Economic Advisers under Bill Clinton from 1997 to 1999, and a Fed governorship from 1994 to 1997. Since
Pretty sure it's been way more than 100 years.
Out with the new, in with the old. It's funny that people who cry systemic racism voted in the party who's mostly responsible for it. And of course Biden is going to bring in some of the same people from the old guard.
Just another swamp creature.
Brilliant money and value of money strategist....
A question, wasn't Hamilton the first Secretary of Treasury?
Swamp returns
Why bother with confirmation? Trump ended that process.
OMG!
None of them will be confirmed if we don’t have control of the Senate. Why isn’t anyone on discussing the importance of the Georgia Senate runoff? 11thHour TheLastWord maddow allinwithchris AliVelshi CNN Lawrence
I think you recycled the headlines from when she ran the fed, which was ~100 when she first chaired it
People want money 💰 in their pockets. I do not know if she will able to deliver that.
Is there any possible way any of your political pundit machines can stop blabbering about Trump long enough to cover to discuss the importance of the Georgia Senate runoff race? Literally the most important thing right now and Georgians only have until December 7 to register.
Love it! JoeBiden has made great picks!
Well deserved. 🙏🏻🙏🏻👏🏻👏🏻👏🏻
That’s awesome!!!!!
100 year history? Alexander Hamilton was Treasury Secretary in 1789🤷🏽♂️
This tweet fact checked?
The Treasury was founded in 1789 (231 years ago). There was this whole Broadway show about it starting. You should see it. It’s really good.
So excited to see such and accomplished and smart woman as Janet Yellen in this position!
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