Perspectives: Biden Picks Yellen for Treasury Secretary

Headline Roundup November 25th, 2020

On Monday, it was reported that projected 2020 election winner Joe Biden planned to nominate Janet Yellen for Treasury secretary. If confirmed, Yellen would become the first woman to fill the role once held by Alexander Hamilton. Yellen previously served as the first female Chair of the Federal Reserve under President Barack Obama. She also served on the Federal Reserve Board from 1994 to 1997 and again from 2010 to 2018. From 1997 to 1999, Yellen served as Chair of the White House Council of Economic Advisers under President Bill Clinton.

Voices in center- and left-rated outlets were generally supportive of choosing Yellen for Treasury secretary. Voices in right-rated outlets were mixed, offering some criticism and some optimism.

Perspectives: Biden Picks Yellen for Treasury Secretary

From the Left
1489
ANALYSIS

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...

Read full story
Some content from this outlet may be limited or behind a paywall.
From the Center
1489
ANALYSIS

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...

Read full story
Some content from this outlet may be limited or behind a paywall.
From the Right
1489
OPINION

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."

Read full story

Try the New AllSides Mobile App

The only news app you’ll ever need. Now available on iOS and Android.