Oregon’s U.S. Senator Jeff Merkley—who used his position on the Senate Banking Committee to successfully advocate for Janet Yellen’s appointment as the first female Federal Reserve Chair in 2014—today issued a statement following President-elect Joe Biden’s announcement that he will nominate her to serve as Treasury Secretary in his administration:
“Now more than ever—in the midst of a pandemic that has cost tens of millions their jobs—we need strong champions for working families and Main Street businesses in our Treasury Department to guide us toward a path of economic prosperity for all—people like Janet Yellen.
“Throughout her long career of public service, in which she has served as chair of both the Federal Reserve and the Council of Economic Advisors, Janet Yellen has proven herself to be a champion for broad-based economic growth that reaches everyone in our country. Not only will she bring a strong track record of fighting for America’s working families and crafting innovative and responsible economic policy to the position, her confirmation as the first female Treasury Secretary will also break yet another long-standing glass ceiling for women in leadership. I look forward to working with her and the Treasury Department as we set out to unrig our economy and realize President-elect Biden’s vision of building back better.”