Janet Yellen was confirmed by the Senate Monday to serve as Treasury Secretary under President Joe Biden. Yellen previously served as chair of the Federal Reserve from 2014 to 2018.
“Congratulations to Secretary Yellen and thanks to the Senate for moving quickly to confirm her, as continuity at the Treasury is extremely important at this time,” said CUNA President/CEO Jim Nussle. “CUNA, Leagues, and credit unions look forward to engaging with Secretary Yellen on vital economic recovery initiatives, including the Paycheck Protection Program.”
Prior to chairing the Federal Reserve Board, Yellen was a member of the board from 2010 to 2014 (serving as vice chair), and from 1994 to 1997.