Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
FORT WORTH, Texas — Faith in the U.S. dollar has often hinged in part on what Treasury Secretary Janet Yellen says. On Thursday, the focus will be on what she writes, as the government churns out its first currency bearing her signature.
People are also reading… Even as Yellen plans to watch the fresh bills carrying her signature roll out at the Bureau of Engraving and Printing's Western currency facility in Forth Worth, Texas, her celebratory remarks were to dwell on Biden administration policy accomplishments rather than her status as the first woman to serve as treasury secretary.
Along with managing Treasury's role in the Ukraine war, she faces the Herculean task of revitalizing an IRS that is getting a $80 billion funding boost, and enforcing an anti-money laundering effort that requires documenting the beneficial owners of tens of millions of U.S. businesses in hopes of crushing corruption around the world.
When Sen. Tim Scott, R-S.C., at a May congressional hearing told Yellen she was"harsh" for speaking about the positive economic impacts of abortion access for women, she replied,"This is not harsh, this is the truth." She also has challenged the view that havens for hidden cash lie outside the U.S., instead arguing that the U.S. has become the"best place" to hide illicitly obtained money.
Her warnings about the risks of a deregulated cryptocurrency market foresaw the recent chaos. Crypto markets have seen at least two major crashes, dozens of scams, Ponzi schemes and hundreds of billions of dollars made and evaporated overnight.
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