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Labor economist
- A labor economist by training, Yellen chaired the Federal Reserve from 2014 to 2018. She also led the Council of Economic Advisers in the Clinton administration.
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Apr 19, 2024 · Janet Yellen, American economist, the first woman chair (2014–18) of the Board of Governors of the Federal Reserve System (‘the Fed’), the central bank of the United States, and the first woman Treasury secretary (2021– ). Read more about her education and career in this article.
Janet Louise Yellen (born August 13, 1946) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018.
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An economist with a lifelong commitment to making the American economy one that allows all workers to succeed, she was also the first woman to lead the Federal Reserve and the first person in history to be in charge of the Treasury Department, the Federal Reserve and the White House Council of Economic Advisors.
Janet L. Yellen took office as chair of the Board of Governors of the Federal Reserve System in February 2014, for a four-year term ending February 3, 2018. She was succeeded by Jerome Powell. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967.
- Early Life and Education
- Notable Accomplishments
- Economic Philosophy
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- The Bottom Line
Janet Yellen, born on August 13, 1946, in the Bay Ridge neighborhood of Brooklyn, New York, to a Polish Jewish family, has had a distinguished career in economics and public service. Her mother, Anna Ruth, was an elementary school teacher and her father, Julius, was a doctor who treated patients out of the family's brownstone.Demonstrating early ac...
Janet Yellen has made significant contributions to economic policy and governance through her roles on various economic committees and councils, including the Organisation for Economic Cooperation and Development (OECD), the U.S. Council of Economic Advisors, and the American Economic Association. She was also an advisor for the U.S. Congressional ...
Yellen is a staunch economic dove (supporting low-interest rates and expansionary monetary policies, valuing low unemployment over keeping inflation low). Much of the research she performed as an academic economist focused on employment. She and her husband, George Akerlof, are both Keynesian economists who believe that economic markets need govern...
While working at the Federal Reserve in 1977, Yellen met fellow economist George Akerlof. They married in 1978, and have a son, Robert, who is also an economics professor. Yellen's professional life has been marked by her contributions to labor and macroeconomics, particularly through her work on efficiency wages, which she explored alongside her h...
Janet Yellen is a highly accomplished American economist who has made history by becoming the first woman to serve as both the Chair of the Federal Reserve and the Secretary of the Treasury. Her economic philosophy emphasizes the importance of government regulation in economic markets and prioritizes low unemployment. Throughout her career, she has...
Feb 3, 2018 · Millions of Americans are back to work, and they have Janet Yellen to thank. When she began her four-year term as the first woman to lead the Federal Reserve in 2014, the unemployment rate was...
Sep 25, 2013 · Read CNN’s Fast Facts about the life of Janet Yellen, the first female Treasury secretary.
