Yellen received her doctorate from Yale University when few women were becoming economists. She juggled parenthood and her teaching job at the University of California, Berkeley in the 1980s, helping build her son’s pine derby car as an economy-fueled colleague data in a computer.
For a woman often seen as lonely, Yellen has been part of a team for a long time since joining the Fed. She meets Biden frequently, attends daily White House executive staff meetings, and speaks with Deese several times a week.
What Yellen did to the Fed – and now appears to be doing to the Treasury – is increasing the importance of workers, taking a more comprehensive view of the economy in a cabinet agency that was once seen to be largely the domain of whisperers on Wall. Street.
“She’s neither anti-business nor anti-Wall Street,” said Claudia Sahm, a former Fed economist. “But…
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