Janet Yellen Nominated to Be Treasury Secretary

Janet Yellen

President-elect Joe Biden has nominated Janet Yellen to be treasury secretary. If confirmed by the Senate, Yellen would be the first woman to hold that post. She would also be the first person to have been both Federal Reserve Chair and treasury secretary. Yellen also served as President of the Federal Reserve Bank of San Francisco and as Chair of the Council of Economic Advisers during the Clinton administration. Prior to entering government service, Yellen was on the economics faculties of Harvard University and the University of California, Berkeley. At the time of her nomination she was a Distinguished Fellow in Residence at the Brookings Institution.

A news story on her nomination can be read HERE. Her biography on the Brookings Institution web site is HERE (includes a video conversation from a few years ago with former Fed Chair Ben Bernanke). A speech she gave in 2018 reflecting on the 2007-2009 financial crisis can be read HERE.