Yellen Confirmation Hearing: Supports Defeat of Pandemic, Loss of Government Jobs Described as “Economic Malpractice”
01/19/2021
Confirmation hearings for Dr. Janet Yellen, former U.S. Fed chair, to become the next U.S. Treasury Secretary began today on Capitol Hill.
Dr. Yellen acknowledged the rising U.S. debt burden, but supported President-elect Biden’s $1.9 trillion First Stage relief effort saying the primary mission is for the U.S. to defeat the pandemic.
During Dr. Yellen’s hearing, Senator Bob Menendez (D-NJ) described the 1.3 million state and local government jobs cuts since the beginning of the pandemic as “economic malpractice.”