Difference between revisions of "Janet Yellen"

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|Name = Janet Yellen  
 
|Name = Janet Yellen  
 
|Profile picture = Janet yellen.jpg
 
|Profile picture = Janet yellen.jpg
|Position =  Vice Chairperson of the Federal Reserve
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|Position =  Chair of the Federal Reserve
 
|Status =  
 
|Status =  
 
|Tenure =  
 
|Tenure =  
|Term ends =  
+
|Term ends = February 3, 2018
|Assumed office = 2010
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|Assumed office = 2014
 
|Political party = Democratic
 
|Political party = Democratic
|Predecessors = Donald Kohn
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|Predecessors = [[Ben Bernanke]]
 
|Office website = http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm
 
|Office website = http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm
 
|Campaign website =  
 
|Campaign website =  
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|Pension =
 
|Pension =
 
|Last election =  
 
|Last election =  
|Nominated = April 29, 2010
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|Nominated = October 9, 2013
|Confirmed = September 30, 2010
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|Confirmed = January 6, 2014
|Appointed = October 4, 2010
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|Appointed = February 3, 2014
 
|Appointed by = [[Barack Obama]]
 
|Appointed by = [[Barack Obama]]
 
|First elected =  
 
|First elected =  
 
|Term limits = N/A
 
|Term limits = N/A
 
|Next election =
 
|Next election =
|Prior office = Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD)
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|Prior office = Vice Chair of the Federal Reserve Board of Governors
|Prior office years = 1997-1999
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|Prior office years = 2010-2014
|Prior office 2 = Chair of Council of Economic Advisers
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|Prior office 2 = President and CEO of the Federal Reserve Bank of San Francisco
|Prior office 2 years = 1997-1999
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|Prior office 2 years = 2004-2010
|Prior office 3 = Member of the Federal Reserve Board of Governors
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|Prior office 3 = Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD)
|Prior office 3 years = 1994-1997
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|Prior office 3 years = 1997-1999
 
|High school = Fort Hamilton High School
 
|High school = Fort Hamilton High School
 
|Associate's =  
 
|Associate's =  
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|Religion = Jewish
 
|Religion = Jewish
 
|Personal website =
 
|Personal website =
}}{{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"/>
+
}}{{tnr}}'''Janet Louise Yellen''' (b. August 13, 1946, in New York, [[New York]]) is the current Chair of the Federal Reserve System after [[Ben Bernanke]]'s term ended on January 31, 2014. She was [[Appointment confirmation process|confirmed]] by the [[United States Senate|Senate]] on January 6, 2014, and sworn into office on February 3, 2014, for a four year term.<ref name="officialvote">[http://www.washingtonpost.com/business/economy/janet-yellen-confirmed-as-next-fed-chief/2014/01/06/14b38582-76f2-11e3-8963-b4b654bcc9b2_story.html ''Washington Post'', "Janet Yellen confirmed as next Federal Reserve chief," January 6, 2013]</ref><ref>[http://abcnews.go.com/Business/wireStory/yellen-sworn-fed-chair-ceremony-22344310 ''ABC News'', "Yellen Sworn in as Fed Chair in Brief Ceremony," February 3, 2014]</ref> She is 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 has previously served on the Board of Governors of 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>
  
 
==Biography==  
 
==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.<ref>[http://www.businessinsider.com/janet-yellen-teenage-years-2013-10 ''Business Insider'', "Janet Yellen's High School Friends Remember Her As Brilliant And Imperturbable," October 9, 2013]</ref>  She earned a Ph.D. in economics from Yale University.  She also has two honorary degrees, one from Brown and another from Bard College.<ref name="bio"/> She is also an author.<ref name="fastfacts"/>
+
Yellen was born in [[New York, New York]] and attended Fort Hamilton High School before graduating with a degree in economics from Brown University.<ref>[http://www.businessinsider.com/janet-yellen-teenage-years-2013-10 ''Business Insider'', "Janet Yellen's High School Friends Remember Her As Brilliant And Imperturbable," October 9, 2013]</ref>  She earned a Ph.D. in economics from Yale University.  She also has two honorary degrees, one from Brown and the other from Bard College.<ref name="bio"/> She is an author.<ref name="fastfacts"/>
 +
 
 
==Career==
 
==Career==
 
Below is an abbreviated outline of Yellen's academic, professional and political career:<ref name="bio"/><ref name="fastfacts">[http://www.cnn.com/2013/09/25/us/janet-yellen-fast-facts/index.html ''CNN'', "Janet Yellen Fast Facts," September 25, 2013]</ref>
 
Below is an abbreviated outline of Yellen's academic, professional and political career:<ref name="bio"/><ref name="fastfacts">[http://www.cnn.com/2013/09/25/us/janet-yellen-fast-facts/index.html ''CNN'', "Janet Yellen Fast Facts," September 25, 2013]</ref>
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*1997-1999: Appointed by President Clinton as the Chair of Council of Economic Advisers
 
*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
 
*2004-2010: President and CEO of the Federal Reserve Bank of San Francisco
*2010-Present: Vice Chair of the Federal Reserve Board of Governors
+
*2010-2014: Vice Chair of the Federal Reserve Board of Governors
 
+
*2014-Present: Chair of the Federal Reserve Board of Governors
==Confirmation process==
+
The [[United States Senate Committee on Banking, Housing, and Urban Affairs|Senate Banking Committee]] will hold [[Appointment confirmation process|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."<ref name="nomination"/>
+
  
==Controversy==
+
==Confirmation vote==
 +
Yellen was [[Appointment confirmation process|confirmed]] by the [[United States Senate|Senate]] to succeed [[Ben Bernanke]] as the Federal Reserve Chair on January 6, 2014, by a vote of 56-26.<ref name="confirmation">[https://www.govtrack.us/congress/votes/113-2014/s1 ''GovTrack'', "On the Nomination: Janet Yellen," January 6, 2014]</ref>
 +
{{FedChairconbox15}}
 
===Rand Paul block of nomination===
 
===Rand Paul block of nomination===
In a statement released on October 30, 2013, [[United States Senate|Sen.]] [[Rand Paul]] announced he intends to put a “hold” on Yellen's nomination as the next chairwoman of the Federal Reserve, in an attempt to promote his call for legislation that would require audits and other public scrutiny of the Federal Reserve System.<ref name="fedres"/>
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In a statement released on October 30, 2013, [[United States Senate|Sen.]] [[Rand Paul]] announced his intention to put a “hold” on Yellen's nomination as the next chairwoman of the Federal Reserve, in an attempt to promote his call for legislation that would require audits and other public scrutiny of the Federal Reserve System.<ref name="fedres"/>
  
“The American people have a right to know what this institution is doing with the nation’s money supply,” Paul said in the statement. “The Federal Reserve does not need prolonged secrecy—it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that.”<ref name="fedres">[http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/30/sen-rand-paul-will-block-yellens-nomination/?wprss=rss_politics&clsrd ''Washington Post,'' "Sen. Rand Paul will block Yellen’s nomination," accessed October 30, 2013]</ref>
+
“The American people have a right to know what this institution is doing with the nation’s money supply,” Paul said in the statement. “The Federal Reserve does not need prolonged secrecy—it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that.”<ref name="fedres">[http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/30/sen-rand-paul-will-block-yellens-nomination/?wprss=rss_politics&clsrd ''Washington Post'', "Sen. Rand Paul will block Yellen’s nomination," accessed October 30, 2013]</ref>
  
 
==Economic views==
 
==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.<ref>[http://www.usatoday.com/story/money/business/2013/10/08/obama-chooses-yellen-to-chair-fed/2823219/ ''USA Today'', "Obama to nominate Janet Yellen for Fed chief," October 9, 2013]</ref><ref>[http://www.nytimes.com/2013/10/10/business/economy/for-yellen-a-focus-on-reducing-unemployment.html?pagewanted=1&_r=0 ''New York Times'', "Yellen's Path From Liberal Theorist to Fed Voice for Jobs," October 9, 2013]</ref>
+
Yellen was expected to continue most of the policies used by Bernanke but preferred policies aimed at lowering unemployment rather than controlling inflation.<ref>[http://www.usatoday.com/story/money/business/2013/10/08/obama-chooses-yellen-to-chair-fed/2823219/ ''USA Today'', "Obama to nominate Janet Yellen for Fed chief," October 9, 2013]</ref><ref>[http://www.nytimes.com/2013/10/10/business/economy/for-yellen-a-focus-on-reducing-unemployment.html?pagewanted=1&_r=0 ''New York Times'', "Yellen's Path From Liberal Theorist to Fed Voice for Jobs," October 9, 2013]</ref>
  
 
==Personal==
 
==Personal==
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:''All stories may not be relevant to this page due to the nature of the search engine.''
 
:''All stories may not be relevant to this page due to the nature of the search engine.''
  
<rss>http://news.google.com/news?hl=en&gl=us&q=Janet+Yellen+Federal+Reserve&um=1&ie=UTF-8&output=rss|template=slpfeed|max=10|title=Janet Yellen News Feed</rss>
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{{RSS|feed=http://news.google.com/news?hl=en&gl=us&q=Janet+Yellen+Federal+Reserve&um=1&ie=UTF-8&output=rss|template=slpfeed|max=10|title=Janet Yellen News Feed}}
  
 
==External links==
 
==External links==
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==References==
 
==References==
 
{{reflist}}
 
{{reflist}}
[[Category:Chairpersons of the Federal Reserve System]] [[Category:Federal appointment nominees]]
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{{start box}}
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{{s-off}}
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{{succession box | before = [[Ben Bernanke]] |title = Federal Reserve Chair | years = 2014-Present | after = -}}
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{{end box}}
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[[Category:Chairpersons of the Federal Reserve System]]
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[[Category:Current federal officials]]
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[[Category:Federal appointments, Obama administration]]
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[[Category:January 2014 confirmation pages]]
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{{federal affairs}}

Latest revision as of 14:24, 12 June 2014

Janet Yellen
Janet yellen.jpg
Chair of the Federal Reserve
Term ends
February 3, 2018
PartyDemocratic
Elections and appointments
NominatedOctober 9, 2013
ConfirmedJanuary 6, 2014
AppointedFebruary 3, 2014
Appointed byBarack Obama
Prior offices
Vice Chair of the Federal Reserve Board of Governors
2010-2014
President and CEO of the Federal Reserve Bank of San Francisco
2004-2010
Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD)
1997-1999
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 Chair of the Federal Reserve System after Ben Bernanke's term ended on January 31, 2014. She was confirmed by the Senate on January 6, 2014, and sworn into office on February 3, 2014, for a four year term.[1][2] She is the first woman to hold the position, as well as the first Democrat since the Carter administration.[3]

Yellen has previously served on the Board of Governors of 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.[4]

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.[5] She earned a Ph.D. in economics from Yale University. She also has two honorary degrees, one from Brown and the other from Bard College.[4] She is an author.[6]

Career

Below is an abbreviated outline of Yellen's academic, professional and political career:[4][6]

  • 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
  • 2010-2014: Vice Chair of the Federal Reserve Board of Governors
  • 2014-Present: Chair of the Federal Reserve Board of Governors

Confirmation vote

Yellen was confirmed by the Senate to succeed Ben Bernanke as the Federal Reserve Chair on January 6, 2014, by a vote of 56-26.[7]

Janet Yellen confirmation vote, January 6, 2014
Party Votes for Approveda Votes against Defeatedd Total votes
Democratic Party Democrats 45 0 45
Republican Party Republicans 11 26 37
Independent Independents 0 0 0
Total Votes 56 26 82

Rand Paul block of nomination

In a statement released on October 30, 2013, Sen. Rand Paul announced his intention to put a “hold” on Yellen's nomination as the next chairwoman of the Federal Reserve, in an attempt to promote his call for legislation that would require audits and other public scrutiny of the Federal Reserve System.[8]

“The American people have a right to know what this institution is doing with the nation’s money supply,” Paul said in the statement. “The Federal Reserve does not need prolonged secrecy—it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that.”[8]

Economic views

Yellen was expected to continue most of the policies used by Bernanke but preferred policies aimed at lowering unemployment rather than controlling inflation.[9][10]

Personal

Yellen is married to Nobel Prize-winning economist George Akerlof with whom she has one child.[6]

Recent news

This section displays the most recent stories in a Google news search for the term Janet + Yellen + Federal + Reserve

All stories may not be relevant to this page due to the nature of the search engine.

Janet Yellen News Feed

  • Loading...

External links

Official biography
On Wikipedia

References

Political offices
Preceded by
Ben Bernanke
Federal Reserve Chair
2014-Present
Succeeded by
-