Yellen started her job at the Treasury Department with a flood of calls and meetings, calendar shows
WASHINGTON: US Treasury Secretary Janet Yellen began her new job with a busy schedule of calls and meetings with senior American politicians and business leaders and global finance officials, a calendar of her first two months in office.
As is customary for her new role, Yellen had talks with other finance ministers around the world from January to March, according to her calendar released on Friday. The United States was at the beginning of its economic recovery from the Covid-19 pandemic as vaccinations increased and widespread restrictions to contain cases eased.
But she also took the time to speak to several executives, including two whose industries were hard hit by the pandemic: Scott Kirby, United Airlines chief executive officer and Greg Smith, Boeing Co.’s chief financial officer.
The former Federal Reserve chief also had calls with Larry Fink, CEO of BlackRock Inc, and Ronald O’Hanley, CEO of State Street Corp. Both firms were tasked with administering the Federal Reserve’s emergency programs to support the financial markets last year.
The new Biden administration pushed for a $ 1.9 trillion aid package in the first two months of the year to stimulate economic recovery. The law was passed by Congress and put into effect by President Joe Biden in March.
Yellen was a strong supporter of the stimulus package, and her diary showed that she had telephoned several lawmakers as well as US House spokeswoman Nancy Pelosi during the reporting period.
Yellen also had two meetings with US Climate Commissioner John Kerry, one in February and the other in March. The Treasury Department set up a new “climate center” in April to promote green finances and help reduce carbon emissions through tax policies and financial risk assessments.
And in keeping with her reputation for meticulously preparing events, Yellen created several bags for “reading time” before various meetings, as her calendar showed.