New treasury secretary
You're referring to the recent appointment of a new Treasury Secretary in the United States!
As of January 2021, the new Treasury Secretary is Janet Yellen, who was confirmed by the Senate on January 25, 2021. She is the first woman to hold the position and the first Democrat to hold the office since Timothy Geithner in 2009.
Janet Yellen has a long and distinguished career in economics, having served as the Chair of the Federal Reserve from 2014 to 2018. She is known for her expertise in monetary policy, international economics, and economic development.
As Treasury Secretary, Yellen's priorities are likely to include:
- Responding to the COVID-19 pandemic and its economic impact, including managing the government's fiscal response and coordinating with the Federal Reserve.
- Addressing the country's growing national debt and developing a plan to reduce it sustainably.
- Promoting economic growth and job creation through policies such as infrastructure investment, education, and innovation.
- Strengthening international economic cooperation and addressing global economic challenges, such as trade tensions and climate change.
- Implementing policies to promote financial stability and prevent future financial crises.
Yellen has already begun her tenure by announcing a number of key initiatives, including a plan to address the country's infrastructure needs and a commitment to promoting diversity and inclusion in the Treasury Department.
What would you like to know about Janet Yellen or the Treasury Department?