Best Known For
A leading American economist, Janet Yellen has served as vice chairman of the Federal Reserve Board of Governors since 2010. She was nominated by President Barack Obama to become the next chairman of Federal Reserve in 2013.
Think you know about Biography?
Answer questions and see how you rank against other players.Play Now
Born in Brooklyn, New York, in 1946, Janet Yellen earned a bachelor's degree from Brown University in 1967. She then went to Yale University, where she received her Ph.D. in 1971. After teaching at Harvard University, Yellen worked at the Federal Reserve from 1977 to 1978, and then became a professor at the University of California, Berkeley. From 1997 to 1999, she served on the White House Council of Economic Advisers, and in 2004,
"The mandate of the Federal Reserve is to serve all the American people, and too many Americans still can't find a job and worry how they'll pay their bills and provide for their families. The Federal Reserve can help if it does its job effectively."
"I hope and trust that the days of 'never explain, never excuse' are gone for good, and that the Federal Reserve continues to reap the benefits of clearly explaining its actions to the public."
"She's a proved leader and she's tough—not just because she's from Brooklyn."
she became president and CEO of the Federal Reserve Bank of San Francisco. In 2010, Yellen was selected to serve as vice chair of the Federal Reserve Board of Governors. President Barack Obama nominated her to become the board's chairman in October 2013.
Born in Brooklyn, New York, in 1946, Janet Louise Yellen has become a leading figure in U.S. monetary policy through her many roles at the Federal Reserve. She attended Fort Hamilton High School, where she excelled in many subjects. She also served as editor-in-chief of her school newspaper and became valedictorian of her graduating class in 1963.
Yellen went on to study economics at Brown University, where she earned a bachelor's degree in economics in 1967, before enrolling at Yale University for her doctorate. After completing her Ph.D. in 1971, she spent several years as an assistant professor at Harvard University.
Janet Yellen held her first post with the Federal Reserve in the late 1970s, serving as an economist there for a year before returning to academia. From 1978 to 1980, she lived abroad, becoming a lecturer at the London School of Economics and Political Science. She then joined the faculty of the University of California, Berkeley.
Yellen took leave from UC Berkeley in the mid-1990s to serve on the Federal Reserve Board of Governors. From 1997 to 1999, she also served on the White House Council of Economic Advisers for President Bill Clinton.
In 2004, Yellen became president and CEO of the Federal Reserve Bank of San Francisco, showing remarkable insight into the country's economic situation as one of the few economists to forecast the housing crisis of 2008. In 2010, she became vice chair of the Federal Reserve. Yellen has been an outspoken advocate for using the powers of the Federal Reserve to reduce unemployment, and has seemed more willing than other economists to risk slightly higher inflation to accomplish this goal.
In October 2013, President Barack Obama nominated Yellen as chair of the Federal Reserve. She would replace outgoing chair Ben Bernanke and be the first woman to serve in this capacity, if she receives congressional approval. She would also be the first Democrat to hold the post in nearly three decades.
At a White House press conference, President Obama praised Yellen's "good judgement" and said that she "knows how to build consensus." Considering the challenging political environment in Washington, he expressed his confidence in Yellen's ability to get things done. "She's a proved leader and she's tough—not just because she's from Brooklyn," the president said.
profile name: Janet Yellen profile occupation:
Sign in with Facebook to see how you and your friends are connected to famous icons.
Your Friends' Connections
Included In These Groups
Famous People Named Janet 10 people in this group
Famous People Born in 1946 104 people in this group
Famous Brown University Alumni 23 people in this group