Janet Yellen Sees Clout Diminished

Politico: “When Janet Yellen was tapped to join the Biden administration as Treasury secretary, she came with celebrity status — one of the world’s preeminent economists and the first woman to have led the Federal Reserve.”

“More than a year later, as Democrats are grappling with decades-high inflation, stock market turmoil and rising recession fears, Yellen is rarely on center stage. She has surprised supporters by wielding less influence in the West Wing than her recent predecessors did in the job, which is often considered an administration’s chief economic policymaking post.”