Janet Yellen to be nominated as first female treasury secretary by the Forward

Janet Yellen to be nominated as first female treasury secretary

Joe Biden is set to name Janet Yellen secretary of the treasury, according to multiple reports on Monday. She would be the first woman in the role and the third Jewish treasury secretary in a row, after President Trump’s choice Steven Mnuchin and President Obama’s second term pick Jack Lew.

Yellen, 74, has already made history as the first woman chair of the Federal Reserve, appointed by Obama in 2013. She assumed the job in early 2014. Read our guide to Yellen’s career and Jewish background here.

Yellen, who attended a Reform synagogue in Berkeley, California, featured in an ad Trump ran during his 2016 presidential campaign that featured Yellen and Jewish investor and philanthropist George Soros. Jewish groups denounced the video for juxtaposing them with the “levers of power in Washington” and “global special interests.”

Yellen lasted one term as Federal Reserve chairwoman before Trump replaced her in 2018.

She believes in an activist role for government in combating market volatility, and sees unemployment as more destabilizing than inflation.

There have also been three short-term interim Treasury secretaries over the last 12 years — all, as it happens, Jewish: Stuart Levey in 2009, Neal Wolin in 2013 and Adam Szubin in 2017.

Author

Janet Yellen to be nominated as first female treasury secretary

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Janet Yellen to be nominated as first female treasury secretary

Thank you!

This article has been sent!

Close