Biden’s Cabinet Picks, Part 1: Janet Yellen

Janet Yellen, who is poised to become secretary of the Treasury, will immediately have her work cut out for her. The U.S. economy is in a precarious state and Congress is consumed by partisan politics.Ms. Yellen, however, is no stranger to crisis. She has already held the government’s other top economic jobs — including chairwoman of the Federal Reserve from 2014 to 2018, helping the country through the last major financial emergency.Now, facing another steep challenge, we look at the measures she might take to get the economy humming again.Guest: Jeanna Smialek, who covers the Federal Reserve and the economy for The New York Times. We want to hear from you. Fill out our survey about The Daily and other shows at: nytimes.com/thedailysurveyFor an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Read the latest edition here.Background reading: Ms. Yellen became an economist when few women entered the discipline. She is now set to become the first female Treasury secretary and one of the few people ever to have wielded economic power from the White House, the Federal Reserve and the president’s cabinet.While she may have excelled at some big jobs in the past, this role may be her hardest yet.For more information on today’s episode, visit nytimes.com/thedaily For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.