Bidens Cabinet Picks, Part 1: Janet Yellen

 nytimes.com  12/01/2020 11:05:40 

Janet Yellen, who is poised to become secretary of the Treasury in the Biden administration, will immediately have her work cut out for her. The U.S. economy is in a precarious state and Congress is consumed by partisan politics.

Ms. Yellen, however, is no stranger to crisis or political machinations.

She served as a top economic adviser in the Clinton White House. She was among the first economists to spot the housing bubble. And as chairwoman of the Federal Reserve from 2014 to 2018, she helped navigate the country through the last major financial emergency.

Now, facing another steep challenge, we review her history-making career and look at the measures she might take to get the economy humming again.

Jeanna Smialek, who covers the Federal Reserve and the economy for The New York Times.

ImageJanet Yellen will need to bring a mix of political, diplomatic and financial savvy to succeed in the post in trying times.
Janet Yellen will need to bring a mix of political, diplomatic and financial savvy to succeed in the post in trying times.Credit...Lexey Swall for The New York Times

Jeanna Smialek contributed reporting.

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