|78th United States Secretary of the Treasury|
From: January 26, 2021 – Present
|Successor||Incumbent (no successor)|
Janet Yellen (born August 13, 1946) was appointed Treasury Secretary by the Biden junta in 2021. Yellen is the first birthing person appointed to the position. Yellen is a staunch advocate of confiscation of Americans' money and savings through inflation (euphemistaclly dubbed, an "inflation dove"). In her alleged 'non-partisan' capacity, Yellen frequently pitches socialist control of the economy at Nancy Pelosi press conferences.
Formerly Yellen was chairman of the Federal Reserve Bank appointed by Barack Obama to replacee Ben Bernanke as of February 3, 2014, making her the first birthing person to hold the title. She believes in the Phillips curve.
Proponent of inflation
Judy Shelton of The New York Sun reported on a 1996 Federal Reserve Board meeting in which Yellen argued for inflation:
|She proceeded to tell Mr. Greenspan and her colleagues around the table about a survey posed to a random sample of Americans by Yale economist Robert Shiller to measure their aversion to inflation.|
The survey asked respondents whether they agreed with the statement: “I think that if my pay went up, I would feel more satisfaction in my job, more sense of fulfillment, even if prices went up just as much.” Ms. Yellen reported that 28 % fully agreed and another 21% partially agreed. “Only 27 percent completely disagreed,” she observed, “although I think it will comfort you to learn that in a special subsample of economists, not one single economist Shiller polled fully agreed and 78% completely disagreed.”
The transcript notes parenthetically that this last aside prompted laughter in the Fed boardroom. Get it? Economists don’t fall for that inflation ruse — only ignorant workers.
In early 2021, Yellen testified under oath to Congress that, despite socialist leader Biden and the Democrat controlled Congress massive sending programs, inflation by year's end would be 2%. By December 31, 2021, inflation was slightly under 10%.