Secretary of the Treasury Janet Yellen confirmed in historic senate vote

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Secretary Janet Yellen

By Caribbean News Global  fav

WASHINGTON, USA (CNG Business) – Secretary Janet Yellen was confirmed in a historic vote by the United States Senate as Secretary of the Treasury Department, gaining broad bi-partisan support.

“#Janet Yellen is confirmed as Treasury Secretary 84-15 perhaps the most qualified for the post ever as former Fed Chair head of Obama Council of Economic Advisors and leading academic economist. Oh yes, also the 1st woman Treasury Secretary,” Tweet, 1/25/21] said, Andrea Mitchell.

The Senate confirmation came days after Secretary Yellen won unanimous backing from both Democrats and Republicans on the Senate Finance Committee.

“The swift confirmation of Treasury Secretary Janet Yellen, the first woman to head that department, is great news for our country. No one is better prepared to help president Biden steer us out of this financial crisis. Secretary Yellen’s confirmation shatters another glass ceiling. In a field dominated by men, it’s refreshing to see a woman leading @USTreasury I look forward to working with her and President Biden to turn our economy around and help millions of Americans get back to work,” Tweet, 1/25/21] said, Senator Dianne Feinstein.

Secretary Yellen has the deep experience to meet this moment and get the economy back on track, strengthen the financial system, and restore jobs. As the first woman to lead the Treasury Department – and the first person to have ever served as Treasury Secretary, chair of the Council of Economic Advisors and chair of the Federal Reserve – Secretary Yellen is a strong, crisis-tested leader prepared to address the urgent economic and financial policy decisions facing the nation.

“Chair Yellen is an exceptional economist who has a rare gift – she can take complicated economic theories and put them into understandable language, all while showing real heart for the millions of Americans who are hurting […] . Nobody deserves more credit than Chair Yellen for the longest economic expansion in our history, which lasted until the pandemic hit,” said, Senator Ron Wyden.

US Senate Republican leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding nominations:

“This afternoon, the Senate will confirm D. Janet Yellen, the former chair of the Federal Reserve, to serve as president Biden’s Secretary of the Treasury.

“Her speedy confirmation will contrast sharply with the way the Senate Democratic minority handled many of the last president’s key cabinet nominations four years ago. Secretary Mnuchin had to sit through a stunt where Senate Democrats literally boycotted his committee hearing. He was not confirmed until mid-February.

“Dr Yellen came out of committee on a unanimous vote and will be getting to work five days after the inauguration. That’s even faster than Secretary Geithner’s confirmation in 2009 in the teeth of a financial crisis.

“This certainly isn’t because Dr Yellen’s or president Biden’s economic policy views have unanimous support in the Senate. I expect we’ll have no shortage of spirited policy discussions with Dr Yellen in the months ahead — especially if some Democrats keep trying to use this historic emergency as a pretext to push through permanent far-left policy changes.

“The fifty Senators on our side have great confidence in our pro-job, pro-worker vision that helped build the greatest job market in living memory.

“But the simple fact is that, when the American people elect a president, and when that president selects qualified and mainstream people for key posts, the whole nation deserves for them to be able to assemble their team.

“I’ll be voting to confirm Dr Yellen [today]. I look forward to working together on pro-growth policies that can help rebuild the thriving economy for American workers that was in place just one year ago.”

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