Brian Chappatta, Columnist

Janet Yellen at Treasury Points to Era of Fed Control

The former central bank chief will be in lockstep with Jerome Powell from Day 1, even if Congress isn’t.

November 23, 2020 at 4:22 PM EST

Brian Chappatta is managing editor of Bloomberg News' wealth group. He was previously team leader of billionaires coverage in the Americas. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

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Photographer: Alex Wong/Getty Images

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Janet Yellen is poised to become the most economically powerful woman in the world. Again.

Bloomberg News described her in exactly that way in October 2013, when President Barack Obama nominated her to succeed Ben S. Bernanke as Federal Reserve chair, a role she would hold for four years during two administrations. This time, Yellen is President-elect Joe Biden’s pick to serve as the next Treasury secretary.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE