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The Axe Files with David Axelrod

Ep. 596 β€” Secretary Janet Yellen

The Axe Files with David Axelrod

CNN

News

4.6 β€’ 7.7K Ratings

πŸ—“οΈ 3 October 2024

⏱️ 63 minutes

🧾️ Download transcript

Summary

Treasury Secretary Janet Yellen has been thinking about the economy since she was a young girl in the working-class neighborhood of Bay Ridge, Brooklyn, keenly attuned to how broader economic trends impacted the employment of her neighbors. Once she took her first economics class in college, she was hooked. She has since spent her career moving between academic and government roles, including many years at the Federal Reserve. Secretary Yellen joined David to talk about the barriers women face in finance, the economic implications of immigration, China and tariffs, and why government intervention in the financial system is necessary.Β  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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subject to availability full-tees and sees online. And now from the Institute of Politics at the University of Chicago and CNN audio,

0:41.4

the Axxwiles. With your host David Axelrod. CNN audio, The Axe Files.

0:42.9

With your host, David Axelrod.

0:46.2

Chatting with Janet Yellen is surprising.

0:48.7

The first woman to serve as Treasury Secretary

0:51.4

and Chairman of the Federal Reserve has a sober technocratic image.

0:56.0

But her personal story growing up in an immigrant working class section of Brooklyn is fascinating and foundational.

1:03.0

Her observations on the struggles of the working class,

1:05.8

not just through the pandemic, but for decades,

1:08.6

are deeply felt and passionately told.

1:11.6

Brilliant, yes, but she's also honest, self-effacing, and funny, as you can hear from

1:16.7

this conversation we had last week in Washington.

1:19.7

Madam Secretary, great to see you.

1:25.0

Thanks so much for inviting me.

1:27.0

You know, seeing you sitting here reminds me when I worked across the street, we'd have meetings in the Oval Office, and the President would

1:37.2

sit in his chair where Presidents do by the fireplace, and over his shoulder was a portrait of George Washington.

1:45.6

And it always struck me that this is a portrait of America's progress from

1:51.0

George Washington, a slave owner, to Barack Hussein Obama,

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