For Immediate Release
Eric LeCompte, Executive Director
Contact: Zachary Conti, Director of Policy and Advocacy
firstname.lastname@example.org / (202) 670-2327
Easy Treasury Secretary Confirmation Expected for Janet Yellen
WASHINGTON - Treasury Secretary nominee Janet Yellen appeared for her Senate confirmation hearing and is expected to face an easy confirmation.
Eric LeCompte, the Executive Director of the religious development group Jubilee USA Network and who works closely with US Treasury, releases the following statement on Janet Yellen:
"What a historic moment as Janet Yellen will be the first woman serving as Treasury Secretary.
"Amazingly, Yellen will be the first person to serve in the Holy Trinity of US finance. She chaired the president's Council of Economic Advisers, the Federal Reserve and will take the helm of Treasury.
SCROLL TO CONTINUE WITH CONTENT
Never Miss a Beat.
Get our best delivered to your inbox.
"Yellen is the Treasury Secretary we need to confront the severe economic impacts spurred by the coronavirus.
"In her Senate confirmation hearing, she clearly articulated that too many working people, poor people and people of color are experiencing the worst economic impacts of the pandemic.
"Her proven track record is the experience we need to combat growing inequality and argue for big stimulus packages going forward.
"Yellen knows that significant stimulus is urgently needed now to grow our economy and address poverty and inequality.
"Yellen is in lockstep with current Fed analysis that stimulus must move forward quickly.
"She will need to take these strong domestic positions on stimulus policies and apply them on a global level as the developing world faces lost decades of development.
"I have no doubts that she will work well with the IMF, G7 and G20 to promote global stimulus and financial crisis resolution processes.
"More broadly, Yellen advocates stronger policies to address the intersection of economic issues and climate change.
"Yellen has strong views on tackling tax evasion and corruption in our financial system."
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Please select a donation method: