I approach this task with a clear understanding that the Congress has entrusted the Federal Reserve with great responsibilities.
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 believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.
It has been a privilege for me to serve the Federal Reserve at different times and in different roles over the past 36 years and an honor to be nominated by the President to lead the Fed as Chair of the Board of Governors.
Thank you so much for being willing to consider taking on this role at the Fed and bringing your expertise to bear.
I think our objective in regulation should be to put in place tough enough regulations and capital and liquidity standards that would level the playing field.
Americans can be confident that the FOMC has both the ability and the will to prevent inflation.
Dodd-Frank put into place an agenda that... should make a very meaningful difference in terms of too big to fail.
I sent a letter along with Sen. Johanns in July of 2012 to President Obama calling attention to this statutory requirement.
We have enormous responsibilities that will be given to us under this legislation.





