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GRASSLEY PRESIDES OVER YELLEN CONFIRMATION

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IOWA SENATOR CHUCK GRASSLEY CHAIRED A HEARING TODAY (TUESDAY) BY THE SENATE APPROPRIATIONS COMMITTEE ON THE NOMINATION OF JANET YELLEN TO BE THE SECRETARY OF THE TREASURY.

GRASSLEY QUESTIONED YELLEN IN HIS OPENING STATEMENT ABOUT THE INCOMING ADMINISTRATION’S STATED INTEREST IN RAISING TAXES, COUPLED WITH MASSIVE SPENDING PROGRAMS, AND WORKING TO REDUCE INCOME INEQUALITY:

YELLEN1 OC……INFRASTRUCTURE. ;23

GRASSLEY SAYS THE FOCUS SHOULD BE ON PANDEMIC RELIEF:

YELLEN2 OC………….ECONOMIC REFORMS. :21

GRASSLEY TOLD YELLEN THAT HE WOULD NOT SUPPORT A MAJOR CHANGE IN HOW THE GOVERNMENT CONDUCTED BUSINESS WITH COMPANIES:

YELLEN3 OC………WEALTH REDISTRIBUTION. :29

YELLEN IS A FORMER CHAIR OF THE FEDERAL RESERVE.