In a historic moment breaking national gender barriers, the Senate confirmed Haas School of Business professor emerita Janet Yellen to be treasury secretary Monday.
Yellen, who was a campus faculty member for 26 years and former chair of the Federal Reserve, will be the first woman to serve as treasury secretary. She received swift confirmation by the Senate along bipartisan lines in a vote of 84 to 15.
Under the Biden administration, Yellen will lead the response to the COVID-19 recession. She will also assist President Joe Biden in preparing and, if approved by Congress, distributing the $1.9 trillion stimulus package he proposed.