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What Next | Daily News and Analysis

Can Janet Yellen Save the Economy?

What Next | Daily News and Analysis

Slate Podcasts

News, News Commentary, Daily News

4.32.4K Ratings

🗓️ 1 December 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Janet Yellen’s is a name most Americans will recognize, even if they’re not quite sure why. She’s the former chair of the Federal Reserve and the former chair of the Council of Economic Advisers, and now, she’s been nominated to serve as Joe Biden’s Treasury Secretary. 

If confirmed, Yellen will assume her new role during one of the greatest economic crises in a century. How would she guide Biden through the storm?

Guest: Jordan Weissman, Slate’s senior business and economics correspondent.

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Transcript

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0:00.0

If you pulled out the newspaper last week and looked at the headlines about President

0:07.4

elect Biden's nominee for Treasury Secretary, Janet Yellen, there was this unmistakable

0:12.8

air of celebration to a lot of the coverage. Paul Krugman wrote a column he called

0:18.3

Im Praise of Janet Yellen. A Politico Morning Newsletter simply exclaimed,

0:23.6

It's Yellen with an exclamation point for a fact.

0:27.2

And the economist called the pick genius.

0:30.2

I think Yelan is well-liked, right?

0:32.4

Like, she's just like kind of a, she is a generally likable human being.

0:36.7

Jordan Weissman covers the economy for Slate.

0:39.2

Even her quirks are kind of adorable.

0:40.7

Like she, she shows up everywhere absurdly on time or early.

0:45.3

So like, you know, when the Wall Street Journal did its piece about her, it featured a

0:49.7

picture of her being the only person in the room at the White House Correspondents in her

0:53.5

because she was the first person to get there, like a half hour before anyone else arrived.

0:58.3

You know, like she's just like absurdly punctual and prepared and people like her.

1:06.9

Yellen is familiar, too. She's already been the chair of the White House Council of Economic Advisers and Chair of the Fed.

1:15.0

Becoming Treasury Secretary would be like winning the triple crown of economic civil service.

1:21.2

She's the first person to hold all three of those jobs.

1:24.3

She was clearly a really talented economist who ran into a lot of glass ceilings and just

1:30.2

sort of found her way around them. Right. I mean, it's, so the funny thing about Jenny Allen is that

1:35.0

she's actually part of an economics power couple, right? So she's married to a Nobel Prize winner,

1:40.0

and she's probably the more powerful, important economist than the couple at this point.

...

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