Janet Yellen Promises to ‘Restore the American Dream’

FILE - In this Wednesday, Sept. 20, 2017, file photo, Federal Reserve Chair Janet Yellen speaks at a news conference following the Federal Open Market Committee meeting in Washington. On the day when Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt …
AP Photo/Pablo Martinez Monsivais, File

Janet Yellen tweeted a pledge on Monday to “restore the American dream.”

Joe Biden officially tapped Yellen on Monday to serve as his Treasury Secretary but word that she was Biden’s pick for the job was reported last week. She was appointed by Barack Obama as chair of the Federal Reserve, a position she held until 2018.

This was the first tweet she had ever sent out.

The language of the tweet implies far more traditional economic goals than some of the radical elements of the Democrat left would like Biden to pursue. This is not a call for a Great Reset or a socialist agenda. Instead, Yellen called for “rebuilding” and restoring the American dream—words with an almost Trumpian tone to them.

Her statement of the goal of social policy—”a society where each person can rise to their potential and dream even bigger for their children”—also falls squarely within the American traditions of meritocracy and passing on prosperity to future generations.


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