Janet Yellen faces the Senate Finance Committee on Tuesday for her confirmation hearing to the post of Treasury Secretary. President-elect Joe Biden announced the nomination earlier this month.
The former Federal Reserve Chair is expected to express her views across a variety of subjects, from the incoming administration’s dollar policy to her views on the need for stimulus to offset economic impacts from the Covid-19 pandemic.
While at the Fed, Yellen earned a reputation as a consensus builder and for favoring low interest rates, though her term saw the Fed take the first steps to normalize policies from the extreme accommodation during the financial crisis.
Read more:
Yellen says U.S. must ‘act big’ on next coronavirus relief package
Here’s how wealthy families will save on estate taxes in the Biden presidency
The stakes are high for Biden’s inaugural address. Here’s what to expect
