Today, we say farewell to the U.S. Department of the Treasury's 78th Secretary Janet L. Yellen and honor her historic, groundbreaking career in public service. Under her leadership over the past four years, the Department of the Treasury tackled an array of hard issues head-on, driving historic economic progress that will continue to benefit people at home and around the world for years to come.
Janet Yellen's most significant contributions: (1) Recommended that we target 2% inflation (aka devaluing the nation's currency) every year, initially proposed to Chair Greenspan and accepted by every Fed chair thereafter as a good idea. This policy destroys 50% of the value of our currency every 35 years, or less if one blunders the supply of money like she did during the pandemic. (2) She failed miserably as the country's CFO to extend out duration during the lowest rates of all recorded history. Even run-of-the-mill homeowners across the country with a simpleton understanding of finance knew it was a fantastic time to refinance and lengthen the duration of their debt. But Yellen missed that boat. In total, Ms. Yellen's two biggest contributions will cost America trillions upon trillions of dollars for decades. Hard to think of a worse Treasury Secretary, and public policy maker / influencer.
Thank you, Janet Yellen. You have been a role model to so many and have always put what’s best for this country’s economy and its people before yourself.
Truly a ground breaker Fed female economist with a kind heart and a passion for economics. I hope she can teach. Not a politician in anyway. No agenda. We were lucky to have you at a leadership position. God bless you Dr Yellen.
Thank you for everything you and all of the women you surround yourself with and men have done and fixed.But mostly what you have done to save this Country. You will be sorely missed. And, We are most certainly going to need more like you coming up soon.
Thank God her tenure was…transitory.
United States of America 🇺🇸 Department of Treasury's 78th Secretary Janet L. Yellen's historic, groundbreaking career in Public Service. Thank you, Secretary Janet L. Yellen for your contributions in Public Service at U.S. Department of Treasury. Harolyn Ann Holmes 01/21/2025@7:56AM Pacific Standard Time Zone.
Thank you, Secretary Yellen, for your remarkable service and leadership during such pivotal times. Your contributions to economic stability and progress will be remembered and appreciated for generations. Wishing you all the best in your future endeavors💫
The country will benefit from your many contributions far into the future, Janet Yellen. I join many as i express my sincere gratitude for your long and uniquely productive career in public service.
Technical Expert, liquid beverages and food safety
9moI wish you were staying, I expect the Treasury will see much distortion