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Janet Yellen information


Janet Yellen
Official portrait, 2021
78th United States Secretary of the Treasury
Incumbent
Assumed office
January 26, 2021
PresidentJoe Biden
DeputyWally Adeyemo
Preceded bySteven Mnuchin
15th Chair of the Federal Reserve
In office
February 3, 2014 – February 3, 2018
PresidentBarack Obama
Donald Trump
DeputyStanley Fischer
Preceded byBen Bernanke
Succeeded byJerome Powell
19th Vice Chair of the Federal Reserve
In office
October 4, 2010 – February 3, 2014
PresidentBarack Obama
Preceded byDonald Kohn
Succeeded byStanley Fischer
Member of the Federal Reserve Board of Governors
In office
October 4, 2010 – February 3, 2018
PresidentBarack Obama
Donald Trump
Preceded byMark W. Olson
Succeeded byLisa D. Cook
In office
August 12, 1994 – February 17, 1997
PresidentBill Clinton
Preceded byWayne Angell
Succeeded byEdward Gramlich
11th President of the Federal Reserve Bank of San Francisco
In office
June 14, 2004 – October 4, 2010
Preceded byRobert T. Parry
Succeeded byJohn C. Williams
18th Chair of the Council of Economic Advisers
In office
February 18, 1997 – August 3, 1999
PresidentBill Clinton
Preceded byJoseph Stiglitz
Succeeded byMartin Neil Baily
Personal details
Born
Janet Louise Yellen

(1946-08-13) August 13, 1946 (age 77)
Brooklyn, New York City, U.S.
Political partyDemocratic[1]
Spouse
George Akerlof
(m. 1978)
Children1
EducationBrown University (BA)
Yale University (MA, PhD)
SignatureJanet Yellen
Academic career
Institution
  • Harvard University
  • London School of Economics
  • University of California, Berkeley
  • National Bureau of Economic Research
  • Brookings Institution
FieldMacroeconomics
Labor economics
School or
tradition
New Keynesian economics
Doctoral
advisor
James Tobin
Academic
advisors
Joseph Stiglitz
Doctoral
students
Charles Engel
InfluencesJohn Maynard Keynes
Information at IDEAS / RePEc

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. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers.

Born and raised in Bay Ridge, Brooklyn, Yellen graduated from Brown University in 1967 and earned a Ph.D. in economics from Yale University in 1971. She taught as an assistant professor at Harvard University from 1971 to 1976, was a staff economist for the Federal Reserve Board from 1977 to 1978, and was a faculty member at the London School of Economics from 1978 to 1980. Yellen is professor emeritus at the Haas School of Business and the University of California, Berkeley, where she has been a faculty member since 1980 and became the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Professor of Economics.

Yellen served as a member of the Federal Reserve Board of Governors from 1994 to 1997 and was nominated to the position by President Bill Clinton, who then named her chair of the Council of Economic Advisers from 1997 to 1999. She subsequently returned to academia, before serving as president and chief executive officer of the Federal Reserve Bank of San Francisco from 2004 until 2010. Afterward, President Barack Obama chose her to replace Donald Kohn as vice chair of the Federal Reserve from 2010 to 2014 before nominating her to succeed Ben Bernanke as chair of the Federal Reserve three years later. She was succeeded by Jerome Powell after President Donald Trump declined to renominate her for a second term. Following her departure from the Federal Reserve, Yellen joined the Brookings Institution as a distinguished fellow in residence from 2018 until 2020, when she again went into public service.[2]

On November 30, 2020, President-elect Joe Biden nominated Yellen to serve as secretary of the treasury; she was confirmed by the U.S. Senate on January 25, 2021, and took office the next day.[3]

  1. ^ Cite error: The named reference Solomon, Forbes was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference BrookingsLeave was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference FirstPerson was invoked but never defined (see the help page).

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