Janet Yellen
The Public Record
Janet Louise Yellen is an American economist currently serving as the 78th United States Secretary of the Treasury, a position she has held since January 26, 2021. She is a member of the Democratic Party and has a distinguished career in economic policy and public service. Yellen previously served as the Chair of the Federal Reserve from 2014 to 2018, becoming the first woman to hold that role. During her tenure at the Federal Reserve, she focused on issues such as unemployment and inflation, advocating for policies aimed at economic recovery following the 2008 financial crisis.
I think the answer for the kind of analysis that you have in mind is probably no.
At present, every firm over $50 billion has to do things like supervisory stress testing...
I guess the reason I would be open to it is that... the costs exceed the benefits.
Our economy has made progress towards the Fed's objective of maximum employment.
For the vast majority of families, it's been a long time since they've seen a meaningful raise.
At the same time, inflation is very low, and while we have indicated that a good share of that is for reasons we believe will be transitory...
So, of course, there are risks to the recovery of tightening too soon, and we have been highly focused on those risks.
My own preference would be to be able to proceed to tighten in a prudent and gradual manner...





