Treasury Secretary Janet Yellen says inflation should ease by next year, but anxiety about that is still running high.

Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.

We asked indie rapper and “Hamilton Mixtape” contributor Dessa to write a song about the first woman poised to be treasury secretary. Listen here.

President-elect Joe Biden’s nominee for treasury secretary stressed that if we don’t shore up the economy now, we’ll have a worse crisis to manage later.

In her Senate confirmation hearing Tuesday, Yellen is calling on Congress to do more to fight a deep pandemic-induced recession.

The picks for the Council of Economic Advisers are a diverse group. If confirmed, Cecilia Rouse will be the first Black woman to lead the council.

Yellen, a former Fed chair, has advocated for more spending to aid small businesses and the unemployed during COVID-19.

Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department.

The panel discussion also touched on “trade unpleasantness,” the slowdown in global growth and interest rates.

… because Marketplace already did.