'No one else has ever been better prepared to lead the U.S.’s response to a financial crisis than Janet Yellen,' writes Lawrence H. Summers TIME100
for a generation. Her integrity and analytical acumen are universally admired.
With the country facing the perils of inflation, recession, a possible federal default, and a metastasizing banking crisis, the success of the Biden presidency and America’s place in the world rest on her policy judgments. The actions taken by U.S. financial authorities, with Yellen’s leadership, in the wake of Silicon Valley Bank’s collapse in early March have brought stability and prevented bank runs. It’s clear that Treasury Secretary Yellen has made and will make much more history.
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