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" "[Failing to act could spark an economic catastrophe] Nearly 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays.
Janet Louise Yellen (born August 13, 1946) is an American economist who served as the United States Secretary of the Treasury from 2021 to 2025. She was the Chair of the US central bank, the Federal Reserve System, from 2014 to 2018. She previously served as Vice Chair from 2010 to 2014.
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Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.
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