To: Right_Wing_Madman
She started as Treasury secretary under Biden in January 2021 and as the article states began a practice of short term financing of what traditionally was long term debt all for political purposes, now Trump and Bessent have manage the short term refinancing properly to avoid a run up on long term interest rates and crashing the housing market, in other words she left a financial crisis for the next president to clean up
11 posted on
11/24/2024 4:40:48 AM PST by
srmanuel
( the)
To: srmanuel
She started as Treasury secretary under Biden in January 2021
Powell replaced Yellen as Fed chairman in 2018.
https://www.federalreservehistory.org/people/janet-l-yellen
As I said in a previous post, the Fed chairman (along with his board) prints the money, and the Treasurer accounts for the damage.
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