An overwhelming victory in the history of the US! Janet Yellen has secured the Senate confirmation as the first female U.S. Treasury secretary on Monday! Having garnered a momentous ballot 84-15, a magnificent record of votes against the Republic, Janet Yellen is all set to get the ball rolling. During this auspicious moment here are a few lesser known facts about the first female Treasury chief. Let’s dig deep!
1. ‘First’ in Everything
Having exhibited her caliber in almost all the major fields, which is presumably reserved for ‘men’ she can be regarded as a woman who was successful enough in beating off the gender disparities. Getting appointed as the ‘first female Treasury chief’ isn’t her ‘first’ track record. Before this she was unanimously chosen as the ‘first woman to head the Federal Reserve’, as well as ‘the first female to lead a major central bank’ anywhere in the world!
2. Yellen, the Environmental Activist
Yellen has never limited her knowledge and policies to the political field alone. She also possesses a philanthropic face which is rigorously concerned about the natural resources as well as the well being of our mother earth. As an active protector of the environment, she has voiced her support for a carbon dioxide emissions tax in order to prevent the increased release of the harmful gas, killing the sustainability of life on earth.
3. Yellen, the Philatelist
Very few might be aware of the fact that Janet Yellen is a rapacious lover of stamps! Shocking? Yes, Yellen has carried this hobby of collecting and saving the stamps of variegated countries. It is said that Yellen apparently inherited these stamps from her mother, that’s worth between $15,000 and $50,000.
4. Janet Yellen and Barack Obama
During her two years as CEA chair, she overlapped with Gene Sperling (who, then as now, was NEC director), OMB director Sylvia Mathews Burwell (who was deputy chief of staff for policy and then deputy OMB director), and Treasury Secretary Jack Lew (who was deputy director and then director of the OMB). She was also on a similar wavelength as other Clinton economic aides, supporting the administration’s repeal of the Glass-Steagall act (which isn’t a huge deal, for reasons explained here) as well as NAFTA.
5. Family vacations with Books on Economics
Her special interest in the subject of Economics prompted her perform her research in the same.
She received her Ph.D. in economics from Yale University, studying under Nobel laureate Joseph Stiglitz. In a 2013 New York Times op-ed titled, “Why Janet Yellen, Not Larry Summers, Should Lead the Fed,” Stiglitz described Yellen as “one of the best students I have had in 47 years of teaching at Columbia, Princeton, Stanford, Yale, M.I.T., and Oxford.”
While on beach vacations with her husband and son, she typically brings a suitcase full of books on economics. According to her longtime friend and fellow economist Christina Romer, none of the family members actually go in the water — they sit on the sand and read and write.
With her ‘unflappable record of excellency’ now that she has managed to attain the title ‘the first female Treasury chief’ let’s wish her the best.