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.
Before the financial crisis under President Bush, our country saw policies of 'trickle-down economics,' focused on tax benefits for individuals at the top of the distribution and budget cuts for everyone else.
I do think that education programs...are very critical in addressing wage inequality.
The results were predictable--incomes grew at the very top, but stagnated for everyone else.
Policies or governmental actions that create uncertainty...are not helpful to recovery.
We are certainly trying to put in place a set of incentives that will reduce the systemic footprint and risk of firms.
So like Governor Tarullo, I would be open to a modest increase in the threshold.
During the crisis and recession, families in the middle and at the bottom were hit particularly hard.





