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transcript
Senate Confirms Yellen as Treasury Secretary
Janet L. Yellen became the first woman to be the Treasury secretary, by a vote of 84-15. Her confirmation came as the Biden administration works to revive an economy battered by the coronavirus pandemic.
“Of course, Janet Yellen is best known for her chair, chair, for her tenure as chair of the Federal Reserve, overseeing a period of falling unemployment and steady economic recovery from the global financial crisis. Few people possess the experience and expertise that Ms. Yellen would bring to the Treasury, particularly during this moment of economic crisis.” “Dr. Yellen came out of committee on a unanimous vote, and will be getting to work five days after the inauguration. This certainly isn’t because Dr. Yellen or President Biden’s economic policy views have unanimous support here in the Senate. I expect we’ll have no shortage of spirited policy discussions with Dr. Yellen in the months ahead. But the simple fact is that when the American people elect a president, and when the president selects qualified and mainstream people for key posts, the whole nation deserves for them to be able to assemble their team.” “Madam President, it is a pleasure tonight to be making the case for Janet Yellen, former chair of the Federal Reserve, to be the next secretary of Treasury. The Senate can deliver an especially important economic judgment. Confirm Janet Yellen a fifth time.” “The yays are 84, the nays are 15, and the confirmation is confirmed. The nomination is confirmed.”
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