Foster Statement on Nomination of Janet Yellen for Secretary of the Treasury
Washington, DC – Today, Congressman Bill Foster (D-IL) issued the following statement on President-elect Biden’s nomination of Janet Yellen as Secretary of the Treasury:
"President-elect Biden's selection of Janet Yellen to be the next Secretary of the Treasury shows how serious he is about building a competent team to address the complex economic issues that our nation faces and repairing the damage of the past four years.
"Not only will she be the first woman to serve in this position, she brings a wealth of knowledge and experience on monetary, fiscal, and regulatory policy, so she can immediately get to work on behalf of the American people.
"The Biden administration is set to inherit an unprecedented economic crisis and the Department of the Treasury will need to take a central role in delivering the relief that American families and small businesses desperately need amid a deadly pandemic that continues to rage across the country.
"After four years of economic policy designed to disproportionately benefit those at the top, it's time we focus on building an economy that works for everyone. As a Member of the House Financial Services Committee, I look forward to working with the new administration on building a stronger, fairer economy for all Americans."