In a groundbreaking ceremony, the first-ever female Vice President, Kamala Harris, administered the oath of office to the nation’s first female Treasury Secretary, Janet Yellen. Appointed by President Joe Biden, Yellen steps into this pivotal role during a challenging economic climate influenced by the ongoing pandemic.
On January 26, 2021, Yellen was officially sworn in as the 78th Treasury Secretary, marking a significant milestone in the 232-year history of the Treasury Department. This appointment comes at a crucial time, as Yellen will play a vital role in negotiations surrounding the substantial Covid-19 economic relief package aimed at revitalizing the economy. With her extensive background—including positions as the chair of the Federal Reserve and the Council of Economic Advisers—Yellen is well-equipped for the formidable tasks ahead.
Following the swearing-in, Harris congratulated Yellen, who expressed gratitude in return. Harris praised Yellen as a trailblazer whose strong commitment to working families will be essential in addressing the urgent economic challenges facing the nation. In a previous statement, Yellen emphasized that her focus as an economist is to prioritize the American people, highlighting the importance of restoring public trust in the Treasury Department.
In contrast to her predecessor, Steven Mnuchin, a former hedge fund manager with no political experience, Yellen is bringing a wealth of knowledge to the role—a necessary change for the Treasury.
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In summary, Janet Yellen’s swearing-in as the first female Treasury Secretary by Vice President Kamala Harris marks a historic milestone for gender representation in government. Yellen’s extensive experience in economic leadership positions her to tackle significant challenges as she takes on this critical role in the Biden administration.
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