History of Janet Yellen in Timeline

Janet Louise Yellen is a prominent American economist with a distinguished career in public service and academia. She notably served as the 78th United States Secretary of the Treasury (2021-2025) and Chair of the Federal Reserve (2014-2018), becoming the first woman to hold both positions. Prior to these roles, she led the White House Council of Economic Advisers. Yellen currently holds a professorship at the University of California, Berkeley, solidifying her influence in economic policy and thought.

Sections (4)

Full Timeline Early Life & Education Career & Achievements Success & Recognition

1906: Birth of Julius Yellen

In 1906, Julius Yellen, Janet Yellen's father, was born.

1907: Birth of Anna Ruth Blumenthal

In 1907, Anna Ruth Blumenthal, Janet Yellen's mother, was born.

1934: Comparison to Marriner S. Eccles

Janet Yellen is considered the most liberal Federal Reserve leader since Marriner S. Eccles, who was appointed by President Franklin D. Roosevelt amidst the Great Depression in 1934.

1942: Birth of John Yellen

In 1942, John Yellen, Janet Yellen's older brother, was born.

August 13, 1946: Birth of Janet Yellen

On August 13, 1946, Janet Louise Yellen was born. She would later become an influential American economist, serving as the United States Secretary of the Treasury from 2021 to 2025 and Chair of the Federal Reserve from 2014 to 2018, the first woman to hold either position.

1963: Graduated as Valedictorian

In 1963, Janet Yellen graduated as the valedictorian of her class at Fort Hamilton High School.

1963: Reference to the Equal Pay Act

In June 1998, a report by the Council of Economic Advisers referenced the Equal Pay Act of 1963 as a step forward.

1964: Joined The Brown Daily Herald

In the spring of 1964, Janet Yellen joined the business staff of The Brown Daily Herald, but left soon after to focus on her academic studies.

1967: Graduated from Brown University

In 1967, Janet Yellen graduated from Brown University.

1969: Data collection on the Gender Wage Gap

The Council of Economic Advisers, during Janet Yellen's time, analyzed data starting from 1969, within a report in June 1998 to understand the gender pay divide.

1971: Became Assistant Professor at Harvard

In 1971, Janet Yellen became an assistant professor of economics at Harvard University.

1971: Earned Ph.D. from Yale University

In 1971, Janet Yellen earned a Ph.D. in economics from Yale University.

1975: Death of Julius Yellen

In 1975, Julius Yellen, Janet Yellen's father, passed away.

1976: Left Harvard University

In 1976, Janet Yellen left her position as assistant professor of economics at Harvard University.

1976: Ended Assistant Professor position at Harvard

In 1976, Janet Yellen's time as an assistant professor at Harvard University came to an end.

1977: Joined Federal Reserve Board as Staff Economist

In 1977, Janet Yellen became a staff economist for the Federal Reserve Board.

1977: Joined Federal Reserve Board

In 1977, Janet Yellen took a job within the Federal Reserve's Board of Governors as a staff economist.

1977: Yellen meets George Akerlof

In the fall of 1977, Janet Yellen met her future husband, George Akerlof.

June 1978: Yellen marries George Akerlof

In June 1978, Janet Yellen married George Akerlof, an economist and Nobel laureate. They met in the fall of 1977, became engaged by December, and married less than a year after meeting.

1978: Reference to G. William Miller's term as central bank chief

Because her term was cut short, Yellen had the briefest term as central bank chief since G. William Miller's term, which began in 1978.

1978: Joined the London School of Economics

In 1978, Janet Yellen became a faculty member at the London School of Economics.

1978: Married George Akerlof

In 1978, Janet Yellen married economist George Akerlof, whom she met at the Federal Reserve.

1979: Reference to G. William Miller's term as central bank chief

Because her term was cut short, Yellen had the briefest term as central bank chief since G. William Miller's term, which ended in 1979.

1979: Reference to Paul Volcker

Janet Yellen was the first Democrat to become the chair of the Federal Reserve, since Paul Volcker assumed that position in 1979.

1980: Joined UC Berkeley Faculty

In 1980, Janet Yellen became a faculty member at the University of California, Berkeley, marking a significant step in her academic career.

1980: First Democratic Appointees

Since 1980, Alan Blinder and Janet Yellen became the first Democratic appointees to the Board.

1981: Birth of Robert Akerlof

In 1981, Janet Yellen and George Akerlof's son, Robert Akerlof, was born. He later became an economist.

1982: Earned Tenure at Berkeley-Haas

In 1982, Janet Yellen became the second woman at Berkeley-Haas to earn tenure.

1985: Received Teaching Award & Promoted to Full Professor

In 1985, Janet Yellen received the Haas School's outstanding teaching award and also became a full professor at Berkeley-Haas.

1986: Death of Anna Ruth Yellen

In 1986, Anna Ruth Yellen, Janet Yellen's mother, passed away.

1988: Received Teaching Award

In 1988, Janet Yellen earned the Haas School's outstanding teaching award for the second time.

1990: Published "The Fair-Wage Effort Hypothesis and Unemployment"

In 1990, Janet Yellen and George Akerlof published their paper "The Fair-Wage Effort Hypothesis and Unemployment", which introduced "the fair wage effort hypothesis" and made a significant contribution to efficiency wage theory.

1992: Named Bernard T. Rocca Jr. Professor

In 1992, Janet Yellen was named the Bernard T. Rocca Jr. Professor of International Business and Trade.

April 22, 1994: Nominated as Federal Reserve Board of Governors Member

On April 22, 1994, President Bill Clinton announced his intention to nominate Janet Yellen as a member of the Federal Reserve Board of Governors.

July 1994: Confirmation Hearing Before Senate Banking Committee

In July 1994, Janet Yellen had her confirmation hearing before the Senate Banking Committee, where she discussed Fed policies and their impact on economic growth and inflation.

August 12, 1994: Appointed to Federal Reserve Board of Governors

On August 12, 1994, Janet Yellen was officially appointed to a 14-year term on the Federal Reserve Board of Governors, making her the fourth female governor and marking the first time two women were on the Board simultaneously.

1994: Joined Federal Reserve Board of Governors

In 1994, Janet Yellen became a member of the Federal Reserve Board of Governors, marking a significant milestone in her career.

1994: Took leave of absence from Berkeley

In 1994, Janet Yellen took a leave of absence from Berkeley to go into public service.

July 1996: Federal Reserve Resisted Pressure to Raise Interest Rates

In July 1996, Janet Yellen used academic research to resist pressure within the Federal Reserve to raise interest rates as unemployment dropped, arguing for moderate inflation over a zero inflation policy.

December 20, 1996: Yellen Joins Clinton Administration

On December 20, 1996, Janet Yellen joined the Clinton administration as chair of President Clinton's Council of Economic Advisers (CEA), succeeding Joseph Stiglitz.

1996: Published Work on Out-of-Wedlock Childbearing

In 1996, Janet Yellen, along with George Akerlof and Michael Katz, published "An Analysis of Out-of-Wedlock Childbearing in the United States", which explored the reasons behind the increase in out-of-wedlock births.

1996: Data collection on the Gender Wage Gap

The Council of Economic Advisers, during Janet Yellen's time, analyzed data until 1996, within a report in June 1998 to understand the gender pay divide.

February 13, 1997: Yellen Confirmed by the Senate

On February 13, 1997, Janet Yellen was unanimously confirmed by the Senate, becoming the second woman to serve as chief economic advisor to the president.

February 17, 1997: Resigned from the Board of Governors of the Federal Reserve System

On February 17, 1997, Janet Yellen resigned as a member of the Board of Governors of the Federal Reserve System, upon her confirmation as chair of the Council of Economic Advisers.

1997: Named Chair of the Council of Economic Advisers

In 1997, Janet Yellen was named chair of the Council of Economic Advisers by President Bill Clinton.

June 1998: Council of Economic Advisers Report on the Gender Wage Gap

In June 1998, during her time with the Council of Economic Advisers, Yellen oversaw a report titled "Explaining Trends in the Gender Wage Gap", which analyzed data from 1969 to 1996 and determined that a 25-percent difference between average pay for women and men had no correlation with differences in productivity and, as such, was the result of discrimination within the workforce.

April 1999: Yellen discusses Keynesian economics at Yale

In April 1999, Janet Yellen discussed her views on applying Keynesian economics to policymaking at the Yale economics department reunion, stating that while most economists appreciate markets, Yalies recognize when they don't operate correctly and prioritize policies to remedy them.

June 1999: Yellen Stepped Down from the CEA

In June 1999, Yellen announced her resignation from the Council of Economic Advisers (CEA) for personal reasons and her return to teaching at UC Berkeley; she declined President Clinton's offer to replace Alice Rivlin as the central bank's vice chairwoman.

1999: Yellen Chaired the OECD Economic Policy Committee

From 1997 to 1999, Yellen concurrently chaired the OECD Economic Policy Committee while serving within the Clinton Administration.

1999: Research Associate at NBER

In 1999, Janet Yellen became a research associate at the National Bureau of Economic Research.

1999: Appointed Eugene E. and Catherine M. Trefethen Professor

In 1999, Janet Yellen was appointed the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Professor of Economics.

1999: Left Council of Economic Advisers

In 1999, Janet Yellen's tenure as chair of the Council of Economic Advisers came to an end, and she subsequently returned to academia.

2001: George Akerlof wins Nobel Prize

In 2001, Janet Yellen's husband, George Akerlof, won the Nobel Memorial Prize in Economic Sciences.

April 12, 2004: Yellen Appointed President and CEO of Federal Reserve Bank of San Francisco

On April 12, 2004, the Federal Reserve announced that Yellen would replace Robert T. Parry as president and chief executive officer of the Federal Reserve Bank of San Francisco, becoming the first woman to hold this position, effective June 14.

2004: President and CEO of Federal Reserve Bank of San Francisco

In 2004, Janet Yellen became the president and chief executive officer of the Federal Reserve Bank of San Francisco.

2005: Summers' Controversial Remarks on Women's Aptitude

In 2005, Lawrence Summers made controversial remarks on women's aptitude in math and science while serving as Harvard University's president, sparking further controversy during the race to succeed Bernanke as the Federal Reserve's chair in 2013.

2006: Yellen Became a Voting Member of the FOMC

In 2006, Janet Yellen became a voting member of the Federal Open Market Committee (FOMC) on a rotating basis.

2006: Awarded Title of Professor Emeritus at UC Berkeley

In 2006, Janet Yellen was awarded the title of professor emeritus at UC Berkeley.

2006: Interest Rate Hike by the Federal Reserve

The Federal Reserve raised its key interest rate for the first time since 2006 on December 16, 2015.

2008: Yellen warns against hasty removal of stimulus during financial crisis

During the 2008 financial crisis, Janet Yellen warned against an over-hasty removal of stimulus and expressed her belief that the state has a duty to tackle poverty and inequality.

2008: Reference to Financial Crisis

Following the 2016 presidential election, Yellen gave a strong defense of the Dodd–Frank Act because it was designed to prevent a repeat of the 2008 financial crisis.

June 5, 2009: Yellen Suggests Raising Interest Rates

On June 5, 2009, Yellen suggested the Federal Reserve should consider raising interest rates earlier to prevent another housing bubble, arguing it could restrain demand for housing and high-risk mortgages.

July 2009: Yellen Considered as Successor to Bernanke

In July 2009, Yellen was mentioned as a potential successor to Chairman Ben Bernanke.

March 2010: Yellen Emerged as Leading Contender for Vice Chair of the Federal Reserve Board

In March 2010, Yellen emerged as the leading contender for vice chair of the Federal Reserve Board.

April 28, 2010: Obama Nominated Yellen as Vice Chair of the Federal Reserve

On April 28, 2010, President Barack Obama nominated Yellen to succeed Donald Kohn as vice chair of the Federal Reserve.

July 2010: Senate Banking Committee Voted to Confirm Yellen

In July 2010, the Senate Banking Committee voted 17–6 to confirm Yellen as vice chair of the Federal Reserve.

September 29, 2010: Yellen Confirmed by Senate as Vice Chairman of the Federal Reserve System

On September 29, 2010, Yellen was confirmed by the Senate as a member of the board of governors and vice chairman of the Federal Reserve System.

2010: Appointed Vice Chair of the Federal Reserve

In 2010, Janet Yellen was chosen by President Barack Obama to replace Donald Kohn as vice chair of the Federal Reserve.

2010: Ended Role as Research Associate at NBER

In 2010, Janet Yellen's role as a research associate at the National Bureau of Economic Research came to an end.

July 2013: Yellen Pushed to be Named First Chairwoman of the Central Bank

In July 2013, Yellen was pushed to be named the first chairwoman of the central bank in a letter that was circulated among the Senate Democrats and had been signed by almost a third of the 54 caucus senators.

October 9, 2013: Yellen Nominated to Replace Bernanke as Chair of the Federal Reserve

On October 9, 2013, Yellen was officially nominated to replace Bernanke as chair of the Federal Reserve.

December 20, 2013: Senate Voted for Cloture on Yellen's Nomination

On December 20, 2013, the U.S. Senate voted 59–34 for cloture on Yellen's nomination as chair of the Federal Reserve.

January 6, 2014: Yellen Confirmed as Chair of the Federal Reserve

On January 6, 2014, Yellen was confirmed as chair of the Federal Reserve by a vote of 56–26.

February 3, 2014: Yellen Sworn into Office as Chair of the Federal Reserve

On February 3, 2014, Yellen was sworn into office as chair of the Federal Reserve.

July 2014: Yellen's Testimony on U.S. Monetary Policy

In July 2014, Yellen testified that real estate, equities, and corporate bond prices were generally in line with historical norms but acknowledged concerns about lower-rated corporate debt valuations.

2014: Appointed Chair of the Federal Reserve

In 2014, Janet Yellen became the Chair of the Federal Reserve, a historic achievement as the first woman to hold the position.

December 16, 2015: Federal Reserve Increased Key Interest Rate

On December 16, 2015, the Federal Reserve, under Yellen's leadership, increased its key interest rate for the first time since 2006.

2016: Yellen Defended the Dodd-Frank Act

Following the 2016 presidential election, Yellen gave a strong defense of the Dodd–Frank Act in her Joint Economic Committee testimony.

June 27, 2017: Yellen's comment on Financial Crisis

On June 27, 2017, Janet Yellen stated that she did not anticipate another financial crisis "in our lifetime", citing the increased strength of banks due to Federal Reserve oversight.

August 25, 2017: Yellen's Speech at Jackson Hole Economic Symposium

On August 25, 2017, Yellen supported financial regulations enacted after the Great Recession and warned against weakening or repealing the Dodd-Frank Act in a speech to the Jackson Hole Economic Symposium.

November 2017: Trump Chose Powell Over Yellen for Fed Chair

In November 2017, Trump chose Jerome Powell over Yellen as chair of the Federal Reserve, on the advice of his Treasury Secretary Steven Mnuchin. Yellen then resigned from the Federal Reserve Board at the conclusion of her chairmanship.

February 2, 2018: Yellen Enforced Sanctions on Wells Fargo

On February 2, 2018, Yellen enforced sanctions on Wells Fargo, restricting the firm's expansion due to "widespread consumer abuses and compliance breakdowns".

February 5, 2018: Joined Brookings Institution

On February 5, 2018, Janet Yellen began her role as a distinguished fellow in residence with the Economic Studies program at the Brookings Institution. She was also affiliated with the Hutchins Center on Fiscal and Monetary Policy at Brookings.

July 31, 2018: Co-Chairs Productivity Measurement Initiative

On July 31, 2018, the Hutchins Center announced Janet Yellen, along with James H. Stock and Louise Sheiner, as co-chairs of the newly launched Productivity Measurement Initiative. The initiative aimed to improve the quality of economic statistics.

December 10, 2018: Warned of possible financial crisis

On December 10, 2018, during a conversation with Paul Krugman at the City University of New York, Janet Yellen cautioned about the potential for another financial crisis, highlighting "gigantic holes in the system" following her departure from the Federal Reserve.

2018: Yellen expresses concern about the U.S. fiscal path

In 2018, Janet Yellen expressed concern about the United States' fiscal path, particularly regarding the national debt, stating that she would raise taxes and cut retirement spending if she had a "magic wand".

2018: Departure as Chair of the Federal Reserve

In 2018, Janet Yellen's term as Chair of the Federal Reserve concluded.

2018: Joined the Brookings Institution

In 2018, following her departure from the Federal Reserve, Janet Yellen joined the Brookings Institution as a distinguished fellow in residence.

January 2019: Yellen signs Economists' Statement on Carbon Dividends

In January 2019, Janet Yellen was among the original 45 signers of the Economists' Statement on Carbon Dividends, promoting a carbon dividends framework for U.S. climate change policy.

February 25, 2019: Interview with Marketplace

On February 25, 2019, in an interview with Marketplace, Janet Yellen expressed her disagreement with President Trump's understanding of macroeconomic policy. She questioned his ability to articulate the Federal Reserve's goals and raised concerns about his regard for the central bank's independence.

July 17, 2020: Testified About Economic Policy Response to Coronavirus Crisis

On July 17, 2020, Janet Yellen and Ben Bernanke testified at the House Select Oversight Subcommittee on the Coronavirus Crisis, advocating for aggressive fiscal stimulus. They specifically urged for extended unemployment payments, financial aid to states and local governments, and investments in the medical response to the pandemic.

August 2020: Briefed Joe Biden and Kamala Harris on Economic Issues

In August 2020, Janet Yellen was among a group of economists who briefed Joe Biden, the Democratic nominee for president, and Kamala Harris on key economic issues.

October 2020: Yellen co-chairs report on climate change and finance

In October 2020, Janet Yellen co-chaired the Group of Thirty's Steering Committee Working Group on Climate Change and Finance, preparing a report that developed a strategy to mainstream the global transition to a net-zero emissions economy, calling for climate risk assessments and carbon pricing.

November 2020: Left Brookings Institution

In November 2020, Janet Yellen departed from her position at the Brookings Institution after being selected as a nominee to serve as Treasury secretary.

November 30, 2020: Nominated for Secretary of the Treasury

On November 30, 2020, President-elect Joe Biden nominated Janet Yellen to serve as Secretary of the Treasury.

2020: Returned to Public Service

In 2020, Janet Yellen went back into public service after her time at the Brookings Institution.

January 22, 2021: Senate Finance Committee Approved Yellen's Candidacy

On January 22, 2021, the Senate Finance Committee unanimously approved Janet Yellen's nomination as Secretary of the Treasury with a 26-0 vote.

January 25, 2021: Confirmed as Secretary of the Treasury

On January 25, 2021, Janet Yellen was confirmed by the U.S. Senate as Secretary of the Treasury.

April 2021: Proposed Global Minimum Corporate Tax Rate

In April 2021, Janet Yellen proposed a global minimum corporate tax rate designed to prevent multinational companies from shifting profits for tax avoidance.

June 5, 2021: G7 Agreed to Minimum Corporate Tax Rate

On June 5, 2021, finance ministers from the Group of Seven (G7) agreed to reinstate a minimum worldwide corporate tax rate of at least 15%.

July 23, 2021: Urged Congress to Increase Debt Limit

On July 23, 2021, Janet Yellen sent a letter to congressional leaders, urging them to increase or suspend the nation's debt limit to avoid "irreparable harm" to the U.S. economy.

September 2021: Yellen supports the removal of the debt ceiling

In September 2021, during a House Financial Services Committee hearing, Janet Yellen supported efforts to completely remove the debt ceiling, arguing that the borrowing cap is "very destructive" and poses an unnecessary threat to the American economy.

September 19, 2021: Called for Increase in Debt Ceiling

On September 19, 2021, Janet Yellen called for an increase in the debt ceiling, warning of a potential financial crisis if the Treasury's cash reserves were exhausted in October.

October 2021: Global Minimum Tax Agreement

In October 2021, more than 130 countries agreed to establish a global minimum tax rate of 15% for businesses worldwide, enforced through the OECD. The projected gain from the deal, which was anticipated to take effect in 2023, would result in an increase of $150 billion in annual tax revenues.

November 2021: Crafting Sanctions Strategy Against Russia

In November 2021, Janet Yellen and senior Treasury personnel began developing a sanctions strategy designed to maximize the economic impact on Russia while minimizing negative consequences for the United States and its allies, in anticipation of potential aggression.

December 2021: Debt Ceiling Increase Signed into Law

In December 2021, President Biden signed a debt ceiling increase into law, averting a U.S. default. The legislation covered the government's financial commitments beyond the 2022 midterm elections.

2021: Became Secretary of the Treasury

In 2021, Janet Yellen became the 78th United States Secretary of the Treasury, marking a significant milestone in her career as the first woman to hold the position.

2021: Yellen parodied on Saturday Night Live

In 2021, Janet Yellen was parodied by Kate McKinnon on NBC's Saturday Night Live (SNL).

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April 7, 2022: Addressed the Impact of Digital Assets

On April 7, 2022, at American University's Kogod School of Business Center for Innovation, Janet Yellen addressed the growing impact of digital assets on the American economy, outlining policy objectives and lessons for navigating emerging technologies.

April 13, 2022: Favored Friendshoring Strategy

On April 13, 2022, in a speech at the Atlantic Council, Janet Yellen advocated for a "friendshoring" strategy to mitigate supply chain risks associated with reliance on commodities from countries aligned with authoritarian regimes, favoring trade with allies and partner countries.

May 10, 2022: Yellen comments on the economic consequences of overturning Roe v. Wade

On May 10, 2022, during a Senate Banking Committee hearing, Janet Yellen commented on the potential economic consequences of overturning Roe v. Wade, stating it would have damaging effects on the economy and set women back decades, increasing their risk of poverty. This statement was made after a leaked draft majority opinion in Dobbs v. Jackson Women's Health Organization indicated the Supreme Court's intention to overrule previous abortion legalization decisions.

August 2022: Yellen directs IRS to use additional funding

In August 2022, following the passage of the Inflation Reduction Act, Janet Yellen instructed the Internal Revenue Service (IRS) to allocate $80 billion over a decade to address backlogs, improve taxpayer services, modernize technology, and recruit thousands of new employees.

December 2, 2022: Price Cap on Russian Oil Agreed

On December 2, 2022, the G7 nations, the European Union, and Australia agreed to cap the price of Russian oil at $60 per barrel, following lobbying and negotiations led by the United States. This was designed to reduce Russia's funding for the war in Ukraine and limit inflation.

December 2022: Yellen on key risks for the U.S. economy

In December 2022, Janet Yellen highlighted key risks for the U.S. economy in an essay, suggesting "friendshoring" policies to mitigate over-concentration of critical goods, geopolitical and security risks from hostile states, and reliance on supply chains involving human rights violations.

January 2023: Informed Congress About Impending Debt Ceiling

In January 2023, Janet Yellen informed House Speaker Kevin McCarthy that the U.S. was expected to hit the debt ceiling on January 19, necessitating "extraordinary measures" to prevent default.

February 27, 2023: Yellen visits Kyiv to reaffirm U.S. economic support for Ukraine

On February 27, 2023, Janet Yellen made a surprise visit to Kyiv, reaffirming the U.S.'s ongoing economic support for Ukraine amidst Russia's invasion. This support includes nearly $50 billion in security, financial, and humanitarian aid. Yellen met with Ukrainian President Volodymyr Zelenskyy and Prime Minister Denys Shmyhal to discuss the rollout of $1.25 billion in budget relief.

March 12, 2023: Yellen addresses banking system stability and Silicon Valley Bank collapse

On March 12, 2023, amidst the banking crisis, Janet Yellen appeared on CBS' Face the Nation and affirmed that financial regulators were closely monitoring the banking system. Addressing the collapse of Silicon Valley Bank, she mentioned working with regulators to design appropriate policies but declined to provide specifics, while stating a bailout was off the table. On the same day, Yellen approved actions enabling the FDIC to fully protect all depositors of Silicon Valley Bank and Signature Bank through a systemic risk exception.

April 20, 2023: Yellen outlines Biden administration's economic approach toward China

On April 20, 2023, Janet Yellen delivered a speech at Johns Hopkins University, outlining the Biden administration's three economic objectives toward China: securing American national security interests and protecting human rights, promoting healthy and fair economic competition based on international rules, and addressing global challenges like debt in the developing world and climate change. Yellen emphasized national security's priority and expressed her desire to visit China to revive economic dialogue.

June 3, 2023: Debt Limit Suspended

On June 3, 2023, President Biden signed into law bipartisan congressional legislation suspending the public debt limit through his first term, resolving the ongoing debt-ceiling crisis.

June 2023: Yellen on Fiscal Responsibility Act's reallocation of IRS funding

In June 2023, regarding the Fiscal Responsibility Act, Janet Yellen addressed the reallocation of over a quarter of previously approved IRS modernization funding. Despite this, she assured that the agency still has sufficient near-term resources to enhance service and enforcement, and that the Treasury Department will continue advocating for additional funds to improve service and ensure high-end taxpayers pay their fair share.

September 2023: Comments on Federal Government Debt

In September 2023, Janet Yellen stated that she was not concerned about the $33 trillion federal government debt.

October 2023: Yellen comments on the potential economic implications of Israel's war on Gaza

In October 2023, Janet Yellen, in an interview with Sky News, stated that it was too early to speculate on the significant economic consequences of Israel's war on Gaza. She noted that the impact depends on whether the hostilities extend beyond Israel and Gaza, an outcome she would like to avoid.