Janet Yellen on her legacy as the first woman to lead the Fed, Trump’s central bank clash, and Kevin Warsh’s tightrope
Janet Yellen reflects on her historic career as the first woman to lead the Federal Reserve and serve as Treasury Secretary, expressing pride in advancing economic welfare during crises while voicing deep concern over threats to the Fed's independence under political pressure. She warns of dangerous precedents set by efforts to politicize the central bank and highlights the economic risks of deregulation and isolationist trade policies. Yellen also discusses the uncertain impact of AI on the workforce, particularly its potential to disrupt high-skilled jobs. On Kevin Warsh, her possible successor under Trump, she acknowledges his understanding of Fed independence but notes the challenges he would face balancing presidential demands with institutional integrity.
- ▪Janet Yellen is the first woman to lead the Federal Reserve, serve as Treasury Secretary, and chair the White House Council of Economic Advisers.
- ▪She has been named a 2026 inductee into the National Women’s Hall of Fame.
- ▪Yellen expresses alarm over unprecedented attacks on Federal Reserve independence, including political interference and potential misuse of the Justice Department.
- ▪She warns that deregulation in the financial sector could lead to future crises and that AI may displace high-skilled workers, not just low-skilled ones.
- ▪Yellen views Kevin Warsh as someone who values Fed independence but faces a difficult position if appointed by President Trump.
Opening excerpt (first ~120 words) tap to expand
Throughout her career, Janet Yellen has broken barriers with several “firsts.” First woman to lead the Federal Reserve. First female treasury secretary. First and only person to hold the “big three” U.S. economic leadership positions—those two, plus chair of the White House council of economic advisors.Recommended Video Her latest honor is as a 2026 inductee into the National Women’s Hall of Fame. Founded in 1969 in Seneca Falls, N.Y., the Hall of Fame each year inducts a class of women, about half contemporary (or living) and half historic. To mark the milestone, Yellen spoke with Fortune about what this means to her and the most pressing political and economic questions of the day.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.