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---
description: Find out why Janet Yellen is one of the 100 most influential people of 2023.
title: Janet Yellen: The 100 Most Influential People of 2023
image: https://static.time.com/v3/assets/bltea6093859af6183b/bltff30766edae2ffc7/698a3bcde6e84a9dd52affab/Janet-Yellen-time100-2023.jpg?branch=production&amp;width=3840&amp;quality=75&amp;auto=webp&amp;crop=16:9
---

Apr 13, 2023

# Janet Yellen

by 

Larry Summers

![Janet Yellen](https://static.time.com/v3/assets/bltea6093859af6183b/bltff30766edae2ffc7/698a3bcde6e84a9dd52affab/Janet-Yellen-time100-2023.jpg?branch=production&width=3840&quality=75&auto=webp&crop=3:2)

UNITED STATES - MAY 10: Treasury Secretary Janet Yellen testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Financial Stability Oversight Council Annual Report to Congress, in Dirksen Senate Office Building in Washington, D.C., on Tuesday, May 10, 2022\. (Tom Williams/CQ-Roll Call, Inc via Getty Images/POOL)

UNITED STATES - MAY 10: Treasury Secretary Janet Yellen testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Financial Stability Oversight Council Annual Report to Congress, in Dirksen Senate Office Building in Washington, D.C., on Tuesday, May 10, 2022\. (Tom Williams/CQ-Roll Call, Inc via Getty Images/POOL)Tom Williams—Pool/Getty Images

No one else has ever been better prepared to lead the U.S.’s response to a financial crisis than [Janet Yellen](https://time.com/collection-post/4898615/janet-yellen-firsts/ "undefined"). The only person in history to serve as the President’s chief economic adviser, the vice chair and chair of the Federal Reserve, and Secretary of the Treasury, [Yellen](https://time.com/collection-post/4742751/janet-yellen/ "undefined") has been at the [center of the financial universe](https://time.com/275/nancy-gibbs-janet-yellen/ "undefined") 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. 

_Summers is a professor and former U.S. Treasury Secretary_


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