Perspectives: Biden Picks Yellen for Treasury Secretary
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From the Left
Janet Yellen will lead Joe Biden’s Treasury. What does she stand for?
IN THE FIRST instalment of the “Harry Potter” series, the protagonist stumbles across the Mirror of Erised. Anyone who looks into the mirror sees the “deepest, most desperate desire” of their hearts reflected back at them. There is a touch of Erised about President-elect Joe Biden’s decision to nominate Janet Yellen as America’s next treasury secretary, reported on November 23rd. No economist is more qualified than Ms Yellen, a former chair of the Federal Reserve and a respected academic, for the job. Perhaps more important, however, for what is a...
From the Center
Politics Isn’t Janet Yellen’s Forte, but It’s What She’s In for Now
When she led President Clinton’s Council of Economic Advisers in the late 1990s, Janet Yellen confided to her husband, economist George Akerlof, about the challenges she faced navigating Washington’s political storms.
Those storms are about to become Ms. Yellen’s headache again. As President-elect Joe Biden’s pick for Treasury secretary, Ms. Yellen is looking at the most political role she has had in nearly three decades of high-profile policy making. Her job will be to formulate and defend Mr. Biden’s policies at a time when the economy is at a crossroads...
From the Right
Yellen Appointment to Treasury Should Cure Biden Derangement Syndrome
Many of my conservative colleagues have succumbed to Biden Derangement Syndrome. It's the corollary to the Trump Derangement Syndrome that has plagued most of my progressive friends. If the report that Biden will appoint Janet Yellen as his Treasury Secretary bears out conservatives can exhale. And celebrate.
I wrote here recently in America Rises Up to Crush the Left: "Biden, suave but nobody's patsy, will domesticate his party's left by throwing a sop or two to Cerberus. Big Reveal: The left was and is an imaginary hobgoblin."
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