Yellen is First Female Treasury Secretary With Signature on U.S. Dollar

“I’ve no plans to go away,” Ms. Yellen mentioned, including that she is happy about finishing up President Biden’s agenda.

The job might quickly grow to be more difficult. Republicans, who’re assuming management of the Home of Representatives, have made clear they plan an aggressive array of investigations into the Biden administration’s insurance policies, together with its efforts to beef up the Inner Income Service.

Ms. Yellen will play a number one position in these efforts, overseeing an $80 billion revamp of the tax company. Her division can even should navigate enactment of a local weather and power regulation that has angered the European Union and accommodates tax measures that can be devised on the Treasury Division. And Ms. Yellen will face the problem of holding collectively a global push to impose crushing sanctions on Russia with out inflicting further inflationary blowback.

The delay in getting Ms. Yellen’s signature on the dollar stemmed from the White Home’s sluggish course of for selecting a U.S. treasurer. By custom, the treasurer should signal the cash together with the Treasury secretary. Each signatures are engraved onto plates on the Bureau of Engraving and Printing, the place they’re printed and submitted to the Federal Reserve, which determines what foreign money can be added to circulation.

Mr. Biden lastly appointed Ms. Malerba in June. The position, which doesn’t require Senate affirmation, contains overseeing the U.S. Mint, the Bureau of Engraving and Printing, and Fort Knox.

The revealing of the Treasury secretary’s signature on new foreign money is historically a second of some intrigue and fanfare.

At Mr. Mnuchin’s ceremony in 2017, he posed with a sheet of uncut $1 notes along with his spouse, Louise Linton. The photographs went viral, with Mr. Mnuchin, a former Goldman Sachs banker, drawing comparisons to a Bond villain.

Throughout her dialog with Mr. Colbert, Ms. Yellen recalled that Mr. Lew’s signature gave the impression to be eight circles that have been related and that the penmanship of his predecessor, Timothy F. Geithner, additionally proved to be illegible. Each, she mentioned, needed to be redone.