Difference between revisions of "Janet Yellen"

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}}{{tnr}}'''Janet Louise Yellen''' (b. August 13, 1946, in New York, [[New York]]) is the current Vice Chairperson of the Federal Reserve System. She was [[Appointment confirmation process|confirmed]] by the [[United States Senate|Senate]] on September 29, 2010.<ref>[http://www.bloomberg.com/news/2010-09-30/yellen-raskin-win-fed-board-confirmation-as-vote-on-monetary-easing-nears.html ''Bloomberg'', "Yellen, Raskin Win Senate Approval for Fed Board of Governors," September 30, 2010]</ref>  
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}}{{tnr}}'''Janet Louise Yellen''' (b. August 13, 1946, in New York, [[New York]]) is the current Vice Chairperson of the Federal Reserve System. She was [[Appointment confirmation process|confirmed]] by the [[United States Senate|Senate]] on September 29, 2010.<ref>[http://www.bloomberg.com/news/2010-09-30/yellen-raskin-win-fed-board-confirmation-as-vote-on-monetary-easing-nears.html ''Bloomberg'', "Yellen, Raskin Win Senate Approval for Fed Board of Governors," September 30, 2010]</ref> On October 9, 2013, President [[Barack Obama]] nominated Yellen to succeed [[Ben Bernanke]] as Chairwoman of the Federal Reserve when his term ends January 31, 2013.<ref name="nomination">[http://www.usatoday.com/story/news/2013/10/09/obama-yellen-bernanke-federal-reserve/2953189/ ''USA Today'', "Obama nominates Yellen as Fed chair," October 9, 2013]</ref>  She would be the first woman to hold the position, as well as the first Democrat since the Carter administration.<ref name="nomination"/>
  
 
Yellen previously served on the Board of Governors, with the Organization for Cooperation and Development (OECD) and as a professor at UC Berkeley, Harvard University and the London School of Economics and Political Science.<ref name="bio">[http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm ''Board of Governors of the Federal Reserve System'', "Janet L. Yellen," accessed October 9, 2013]</ref>
 
Yellen previously served on the Board of Governors, with the Organization for Cooperation and Development (OECD) and as a professor at UC Berkeley, Harvard University and the London School of Economics and Political Science.<ref name="bio">[http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm ''Board of Governors of the Federal Reserve System'', "Janet L. Yellen," accessed October 9, 2013]</ref>
 
On October 9, 2013, President [[Barack Obama]] nominated Yellen to succeed [[Ben Bernanke]] as Chairwoman of the Federal Reserve when his term ends January 31, 2013.<ref name="nomination">[http://www.usatoday.com/story/news/2013/10/09/obama-yellen-bernanke-federal-reserve/2953189/ ''USA Today'', "Obama nominates Yellen as Fed chair," October 9, 2013]</ref>  She would be the first woman to hold the position, as well as the first Democrat since the Carter administration.<ref name="nomination"/>
 
  
 
==Biography==  
 
==Biography==  

Revision as of 13:49, 9 October 2013

Janet Yellen
Janet yellen.jpg
Vice Chairperson of the Federal Reserve
PartyDemocratic
Elections and appointments
NominatedApril 29, 2010
ConfirmedSeptember 30, 2010
AppointedOctober 4, 2010
Appointed byBarack Obama
Prior offices
Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD)
1997-1999
Chair of Council of Economic Advisers
1997-1999
Member of the Federal Reserve Board of Governors
1994-1997
Education
High schoolFort Hamilton High School
Bachelor'sBrown University
Ph.D.Yale University
Personal
BirthdayAugust 13, 1946
Place of birthNew York, New York
ProfessionProfessor
ReligionJewish
Websites
Office website
Janet Louise Yellen (b. August 13, 1946, in New York, New York) is the current Vice Chairperson of the Federal Reserve System. She was confirmed by the Senate on September 29, 2010.[1] On October 9, 2013, President Barack Obama nominated Yellen to succeed Ben Bernanke as Chairwoman of the Federal Reserve when his term ends January 31, 2013.[2] She would be the first woman to hold the position, as well as the first Democrat since the Carter administration.[2]

Yellen previously served on the Board of Governors, with the Organization for Cooperation and Development (OECD) and as a professor at UC Berkeley, Harvard University and the London School of Economics and Political Science.[3]

Biography

Yellen was born in New York, New York and attended Fort Hamilton High School before graduating with a degree in economics from Brown University.[4] She earned a Ph.D. in economics from Yale University. She also has two honorary degrees, one from Brown and another from Bard College.[3] She is also an author.[5]

Career

Below is an abbreviated outline of Yellen's academic, professional and political career:[3][5]

  • 1967: Graduated from Brown University
  • 1971: Earned Ph.D. from Yale University
  • 1971-1976: Assistant Professor at Harvard University
  • 1977-1978: Economist for the Federal Reserve Board of Governors
  • 1978-1980: Lecturer at The London School of Economics and Political Science
  • 1980-1994: Faculty member University of California at Berkeley
  • 1994-1997: Member of the Federal Reserve Board of Governors
  • 1997-1999: Chair of the OECD
  • 1997-1999: Appointed by President Clinton as the Chair of Council of Economic Advisers
  • 2004-2010: President and CEO of the Federal Reserve Bank of San Francisco
  • 2010-Present: Vice Chair of the Federal Reserve Board of Governors

Confirmation process

The Senate Banking Committee will hold hearings on the nomination before the vote reaches the Senate. While there isn't likely to be much Democratic opposition, Senator Bob Corker (R-TN), a member of the Banking Committee, voted against her nomination as Vice Chair. When asked about the nomination stated, "We will closely examine her record since that time, but I am not aware of anything that demonstrates her views have changed."[2]

Economic views

Yellen is expected to continue most of the policies used by Bernanke, but prefers policies aimed at lowering unemployment rather than controlling inflation.[6]

Personal

Yellen is married to Nobel Prize-winning economist George Akerlof with whom she has one child.[5]

Recent news

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External links

Official biography
On Wikipedia

References