Janet Yellen
American economist
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| May 21 2024 | Receives honorary Doctor of Economics (Dr. rer. pol. h. c.) from Frankfurt School of Finance & Management |
| 2023 | Named one of the 100 most influential people in the world by Time magazine. |
| October 2023 | In an interview with Sky News, Yellen discusses U.S.-China relations, confirming improved communication and establishing principles for managing diplomatic and economic interactions between the two countries. |
| October 2023 | Provides commentary on the Israel-Hamas conflict, discussing potential economic implications and affirming U.S. ability to support military needs in both Israel and Ukraine. |
| September 2023 | Yellen stated she was not worried about the $33 trillion federal government debt. |
| July 9 2023 | Concludes China visit by meeting with China's new economic team, including Premier Li Qiang, and reaffirming U.S. national security restrictions on Chinese investment while expressing concerns about China's economic policies. |
| July 6 2023 | Begins a four-day diplomatic trip to China, marking the first visit by a U.S. Treasury secretary to the country in four years. Holds informal talks with former vice premier Liu He and People's Bank of China governor Yi Gang about economic matters. |
| June 2023 | The Fiscal Responsibility Act was passed, reallocating more than a quarter of the previously approved IRS modernization funding to other budgetary areas. Yellen assured that the IRS still has sufficient resources to enhance service and increase enforcement, and pledged that the Treasury Department would continue advocating for funds to ensure high-end taxpayer compliance. |
| June 3 2023 | President Biden signed bipartisan congressional legislation suspending the public debt limit through his first term, ending the debt-ceiling crisis just two days before the U.S. was estimated to reach its debt ceiling. |
| May 18 2023 | At a Bank Policy Institute meeting with bank CEOs, Yellen reportedly suggested that more bank mergers might be necessary to address the ongoing banking sector crisis. |
| April 21 2023 | Yellen proposed a new Financial Stability Oversight Council (FSOC) procedure to designate nonbank financial companies as systemically important financial institutions, reversing previous guidance from the Trump administration and streamlining the supervision process. |
| April 20 2023 | Yellen delivers a speech at Johns Hopkins University's School of Advanced International Studies, outlining the Biden administration's three-pronged economic approach to China, emphasizing national security, fair economic competition, and global challenge engagement. |
| March 30 2023 | Received The Paul A. Volcker Lifetime Achievement Award for Economic Policy from the National Association for Business Economics in Washington, D.C. |
| March 21 2023 | Yellen delivered a speech at an American Bankers Association summit, defending regulators' actions to prevent a widespread banking crisis and pledging Biden administration support for lenders of all sizes. |
| March 12 2023 | During the banking crisis, Yellen appeared on CBS' Face the Nation, discussing the state of the banking system and the collapse of Silicon Valley Bank. She approved FDIC actions to protect all depositors through a systemic risk exception, covering both Silicon Valley Bank and Signature Bank. |
| February 27 2023 | Janet Yellen made a surprise diplomatic visit to Kyiv, Ukraine, reaffirming U.S. economic support. She met with President Volodymyr Zelenskyy and Prime Minister Denys Shmyhal to discuss nearly $50 billion in U.S. aid and a $1.25 billion budget relief package as part of a $10 billion civilian assistance program. |
| January 2023 | Yellen informed House Speaker Kevin McCarthy that the U.S. was expected to hit the debt ceiling on January 19, and the Treasury would need to use 'extraordinary measures' to prevent default, potentially lasting until June. |
| 2022 | Named runner-up for Time Person of the Year. |
| December 2022 | Yellen wrote an essay for Project Syndicate detailing the economic risks that could be mitigated through friendshoring policies, highlighting concerns about supply chain vulnerabilities, geopolitical security, and human rights violations. |
| December 2 2022 | Yellen successfully negotiates and implements a price cap on Russian oil at $60 per barrel, involving the G7 nations, European Union, and Australia, designed to limit Russia's war funding and control global inflation. |
| August 2022 | After the passage of the Inflation Reduction Act, Yellen directed the Internal Revenue Service (IRS) to use $80 billion in additional funding over a decade to clear backlogs, improve taxpayer services, update technology, and hire thousands of new employees. |
| May 10 2022 | During a Senate Banking Committee hearing, Yellen provides economic commentary on the potential overturning of Roe v. Wade, arguing that eliminating women's reproductive rights would have damaging economic consequences and set women back decades. |
| April 13 2022 | Janet Yellen delivered a speech at the Atlantic Council advocating for 'friendshoring' strategy, recommending supply chain networks be limited to allies and partner countries to mitigate risks from authoritarian regimes like Russia and China. |
| April 7 2022 | Janet Yellen addressed the growing impact of digital assets on the American economy at American University's Kogod School of Business Center for Innovation, outlining key policy objectives for regulating emerging financial technologies and discussing potential government strategies for digital currencies. |
| February 2022 | Yellen leads the Treasury Department in imposing unprecedented international sanctions in response to Russia's invasion of Ukraine. |
| 2021 | Janet Yellen concludes her term as President of the American Economic Association |
| 2021 | A song titled 'Who's Yellen Now?' by Dessa was commissioned by Marketplace following President-elect Biden's announcement of Yellen's nomination as the first female Treasury Secretary. |
| 2021 | Janet Yellen was parodied by Kate McKinnon on Saturday Night Live (SNL), highlighting her cultural significance as the first female Treasury Secretary. |
| December 2021 | President Biden signed a debt ceiling increase into law, preventing a U.S. default and covering government financial commitments beyond the 2022 midterm elections. |
| November 2021 | Yellen expressed willingness to consider solutions to the debt crisis without GOP support, potentially using budget reconciliation and supporting raising the debt limit until after the 2024 general elections. |
| November 2021 | Yellen expressed willingness to consider solutions to the debt crisis without GOP support, potentially using budget reconciliation, and supported raising the debt limit to extend beyond the 2024 general elections. |
| November 2021 | Janet Yellen and senior Treasury personnel develop a comprehensive sanctions strategy against Russia, aimed at maximizing economic pressure while minimizing negative impacts on the United States and its allies. |
| October 2021 | Over 130 countries, representing more than 90% of global GDP, enforced a landmark agreement through the OECD to establish a 15% global minimum tax rate for businesses, projected to increase annual tax revenues by $150 billion. |
| September 2021 | Testified at a House Financial Services Committee hearing, arguing for the complete removal of the debt ceiling, describing it as 'very destructive' to the American economy. |
| September 19 2021 | Yellen published an op-ed in The Wall Street Journal calling for an increase in the debt ceiling, warning that the Treasury expected to exhaust its cash reserves in October and trigger a potential financial crisis. |
| July 2021 | G20 financial leaders reached an agreement to end global tax havens and ensure multinational corporations pay appropriate taxes in their operational jurisdictions. |
| July 23 2021 | Janet Yellen sent a letter to House Speaker Nancy Pelosi and congressional leaders urging lawmakers to increase or suspend the nation's debt limit, warning of potential 'irreparable harm' to the U.S. economy if financial obligations are not met. |
| June 5 2021 | G7 finance ministers agreed to implement a minimum worldwide corporate tax rate of at least 15%, marking a landmark deal to modernize the international tax system. |
| May 17 2021 | Awarded Doctor of Laws (LL.D.) from University of Pennsylvania |
| April 2021 | Janet Yellen proposed a global minimum corporate tax rate to prevent multinational companies from shifting profits to avoid taxation, outlining economic benefits in The Wall Street Journal. |
| January 26 2021 | Took office as the 78th United States secretary of the treasury, becoming the first woman to hold this position. |
| January 26 2021 | Yellen took the oath of office administered by Vice President Harris, becoming the first female Secretary of the Treasury and the first person to lead the Treasury Department, Federal Reserve, and White House Council of Economic Advisers. |
| January 26 2021 | Confirmed by the Senate as Secretary of the Treasury, becoming the first woman to hold this position in U.S. history. |
| January 25 2021 | The full U.S. Senate confirmed Yellen's nomination with an 84-15 vote, with Marco Rubio abstaining. |
| January 25 2021 | Confirmed by the U.S. Senate as secretary of the treasury. |
| January 22 2021 | The Senate Finance Committee unanimously approved Yellen's candidacy with a 26-0 vote. |
| 2020 | Janet Yellen becomes President of the American Economic Association |
| November 2020 | Yellen leaves her position at Brookings after being selected as a nominee to serve as Treasury secretary. |
| November 30 2020 | Nominated by President-elect Joe Biden to serve as secretary of the treasury. |
| October 2020 | Co-chaired the Group of Thirty's Steering Committee Working Group on Climate Change and Finance, developing a strategy to transition to a net-zero emissions economy and supporting carbon pricing. |
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