2 - White House News in Chinese (weebly.com)
Janet Louise Yellen (born August 13, 1946) is an American economist serving as the United States secretary of the treasury since January 26, 2021. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either role. She is also a professor emerita at Haas School of Business at the University of California, Berkeley, and formerly a distinguished fellow in residence at the Brookings Institution.
Yellen was a member of the Federal Reserve Board of Governors from 1994 to 1997 and again from 2010 to 2018. She chaired the Council of Economic Advisers in the President Bill Clinton administration from 1997 to 1999 and was the president of the Federal Reserve Bank of San Francisco from 2004 to 2010. She served as vice-chair of the Federal Reserve from 2010 to 2014. Yellen was nominated by President Barack Obama to succeed Ben Bernanke as chair of the Federal Reserve from 2014 to 2018.[1] She served one term and was not re-appointed by President Donald Trump.
...Yellen is a Keynesian economist and has been described as a "Keynesian to her fingertips"; during the Great Recession, she "warned against an over-hasty removal of stimulus"; "insisted that the Fed pay as much attention to unemployment as to inflation"; and "believes the state has a duty to tackle poverty and inequality."[83] When her appointment as Treasury secretary was announced in December 2020, Yellen was viewed by Wall Street "as a Treasury secretary who will push hard for expansionary policies aimed at boosting growth, profits and share prices," although the ability of Yellen to push through her preferred fiscal policies was seen as likely to be constrained by congressional gridlock.[83]... from Wikipedia
Yellen was a member of the Federal Reserve Board of Governors from 1994 to 1997 and again from 2010 to 2018. She chaired the Council of Economic Advisers in the President Bill Clinton administration from 1997 to 1999 and was the president of the Federal Reserve Bank of San Francisco from 2004 to 2010. She served as vice-chair of the Federal Reserve from 2010 to 2014. Yellen was nominated by President Barack Obama to succeed Ben Bernanke as chair of the Federal Reserve from 2014 to 2018.[1] She served one term and was not re-appointed by President Donald Trump.
...Yellen is a Keynesian economist and has been described as a "Keynesian to her fingertips"; during the Great Recession, she "warned against an over-hasty removal of stimulus"; "insisted that the Fed pay as much attention to unemployment as to inflation"; and "believes the state has a duty to tackle poverty and inequality."[83] When her appointment as Treasury secretary was announced in December 2020, Yellen was viewed by Wall Street "as a Treasury secretary who will push hard for expansionary policies aimed at boosting growth, profits and share prices," although the ability of Yellen to push through her preferred fiscal policies was seen as likely to be constrained by congressional gridlock.[83]... from Wikipedia
Treasury Secretary Janet Yellen says Congress needs to 'go big' for relief package
Mar. 6 - WASHINGTON (AP) — Treasury Secretary Janet Yellen said Friday that despite the strong job gains last month, Congress still needs to "go big" by passing President Joe Biden's $1.9 trillion relief package to get millions of people back to work sooner.
In an interview with the PBS NewsHour on Friday, Yellen said Biden's package should not be trimmed just because the February jobs report showed 379,000 new jobs had been created, the best showing since October.
At that pace it would still take the country more than two years to get back to full employment, she said. But with the administration's package, she said the country could see a return to full employment by next year.
Yellen said the unemployment rate, which fell to 6.2% in February, was overstating the improvement in the labor force because it does not count the 4 million people who have stopped looking for work and have dropped out of the job market. She said the real unemployment rate is 10%.
After House approval last week, the Senate is now debating the $1.9 trillion relief package with supporters trying to keep Democrats on board in the 50-50 chamber since no Republican is expected to vote for the measure. continue to read
Mar. 6 - WASHINGTON (AP) — Treasury Secretary Janet Yellen said Friday that despite the strong job gains last month, Congress still needs to "go big" by passing President Joe Biden's $1.9 trillion relief package to get millions of people back to work sooner.
In an interview with the PBS NewsHour on Friday, Yellen said Biden's package should not be trimmed just because the February jobs report showed 379,000 new jobs had been created, the best showing since October.
At that pace it would still take the country more than two years to get back to full employment, she said. But with the administration's package, she said the country could see a return to full employment by next year.
Yellen said the unemployment rate, which fell to 6.2% in February, was overstating the improvement in the labor force because it does not count the 4 million people who have stopped looking for work and have dropped out of the job market. She said the real unemployment rate is 10%.
After House approval last week, the Senate is now debating the $1.9 trillion relief package with supporters trying to keep Democrats on board in the 50-50 chamber since no Republican is expected to vote for the measure. continue to read
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