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Janet Yellen on Budget & Economy

 

 


Reestablish hedge fund oversight panel

[On financial reform goals]: "The pandemic showed that leverage of some hedge funds can amplify stresses, too," Yellen said. "This council used to have a hedge fund working group, and as of today we have one again. We're establishing the working group so that we can better share data, identify risks and work to strengthen our financial system."
Source: CNBC on 2021 Biden Administration , Mar 31, 2021

We could reach full employment by as soon as next year

With the passage of the American Rescue Plan, I believe Americans will emerge from the pandemic with the foundations of their lives intact. And that is an enormous economic and moral achievement for America. Indeed, we are now charting a very different course out of this crisis compared to the one a decade ago. Rather than a long, slow recovery, I expect we could reach full employment by as soon as next year. Our Treasury team will be doing everything we can to accelerate the recovery.
Source: Treasury press release: 2021 Biden Administration , Mar 10, 2021

Does not seek a weaker U.S. currency; let markets determine

She also that the value of the dollar should be determined by markets, a break from departing President Donald Trump's desire for a weaker U.S. currency. "The United States does not seek a weaker currency to gain competitive advantage and we should oppose attempts by other countries to do so," she said.
Source: Reuters news service on 2021 Biden Cabinet , Jan 19, 2021

First person to hold all three economic policymaking roles

If confirmed, Yellen would also be the first person in history -- and the first woman -- to have held the three most critical economic policymaking roles in the country: She was Fed chair from 2014 to 2018, chair of the White House Council of Economic Advisers under President Bill Clinton's administration and, now, possibly Treasury secretary.
Source: 19th News e-zine on 2021 Cabinet Confirmation Hearings , Jan 6, 2021

Other candidates on Budget & Economy: Janet Yellen on other issues:
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Page last updated: Aug 31, 2021