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White House press secretary Jen Psaki said Thursday it “shouldn’t be a surprise” that Treasury Secretary Janet Yellen was paid to speak to Wall Street, including a hedge fund involved in the GameStop populist investing struggle.
Yellen, a former Federal Reserve chairman, was paid $810,000 by hedge fund Citadel for three events in 2019 and 2020, according to disclosure forms.
The firm reportedly infused $2 billion into Melvin Capital Management, a hedge fund hammered by losses in the GameStop struggle waged by smaller investors.
“Separate from the GameStop issue, the secretary of Treasury is one of the world renowned experts on markets, on the economy.
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