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.
Congress should expect, and this is embodied in CBO projections that as the economy recovers, short-term interest rates will rise.
We are not going to raise rates if we think it is going to tip the economy into a recession.
The role of lender of last resort is a critical responsibility that central banks fulfill around the world.
I have long said, and my predecessors have as well, that we think it would be desirable to see Congress address GSE reform.
I certainly stand ready to respond to requests of this committee for me to testify.
Operating monetary policy by mechanically following a policy rule is not practical.
Dodd-Frank gave us numerous tools to deal with too-big-to-fail, and we have used them.





