Janet Yellen Will Face Her Most Political Job Yet

Wall Street Journal: “Ms. Yellen’s resume was a draw for Mr. Biden. No past Treasury secretary has served both as leader of the Federal Reserve, which she did from 2014 to 2018, and head of the President’s Council of Economic Advisers, her job from 1997 to 1999 in the Clinton administration.”

“Yet her previous experiences with Washington politics were insulated by comparison with the task at hand. Compared with the Treasury Department, the Fed is a cloistered and academic institution. At Treasury, politics is often one of the first considerations.”