Recall that Yellen, 74, was the Fed's vice chair from 2010 to 2014, then took over as chair from Bernanke until she was succeeded by Jerome Powell in 2018. That means she was either the No. 2 decision-maker at the central bank during the entire period of Obama's presidency in which there was a divided government. This time around, the entirety of Fed leadership has been outspoken during the COVID-19 pandemic about the need for additional fiscal stimulus to prop up the economy as virus outbreaks intensify across the country. Yet Congress has stalled for months, first ahead of the election and now as President Donald Trump refuses to concede.
Source: Daily Sun November 23, 2020 22:18 UTC