Janet L. Yellen
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| Janet Yellen | |
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| Occupation | Vice Chairman |
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| Employer | U.S. Federal Reserve Board |
| Location | Washington, D.C. |
Janet L. Yellen was sworn in as vice chairman of the U.S. Federal Reserve Board on Oct. 4, 2010.[1]
She was previously president of the Federal Reserve Bank of San Francisco, beginning on June 14, 2004. In 2008, she served as an alternate voting member of the Federal Open Market Committee (FOMC).
Yellen is professor emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.
Yellen is a member of the Council on Foreign Relations and the American Academy of Arts and Sciences and a research associate of the National Bureau of Economic Research. She also serves on the board of directors of the Pacific Council on International Policy, and in the recent past, she served as president of the Western Economic Association, vice president of the American Economic Association and was a Fellow of the Yale Corporation.
Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms and implications of unemployment.[2]
Background
Yellen is on leave from her position at the University of California at Berkeley. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999.[3]
She also took leave from Berkeley for five years starting August 1994 and served as a member of the Board of Governors of the Federal Reserve System through February 1997, under then-chairman Alan Greenspan. She later left the Fed to become chair of the Council of Economic Advisers through August 1999. She has also served on the Panel of Economic Advisers for the Congressional Budget Office and as senior adviser to the Brookings Panel on Economic Activity.
An assistant professor at Harvard University from 1971 to 1976, Yellen served as an economist with the Federal Reserve's Board of Governors in 1977 and 1978, and on the faculty of the London School of Economics and Political Science from 1978 to 1980.
Education
Yellen graduated summa cum laude from Brown University with a degree in Economics in 1967, and received her Ph.D. in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary doctor of laws degree from Brown in 1998, and an honorary doctor of humane letters from Bard College in 2000.
References
- ↑ San Francisco Fed Names Moore Interim Chief to Succeed Yellen. Bloomberg.
- ↑ Board of Governors of the Federal Reserve System. Federal Reserve.
- ↑ Dr. Janet L. Yellen, Chair Council of Economic Advisers: Biography. Federal Reserve.
