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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.
The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, [4] and high in the U.S. presidential line of succession.
Federal Reserve Chairs (Left to Right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Yellen was vice chair when the photograph was taken. As stipulated by the Banking Act of 1935, the president may designate to serve as Chairman of the Board for four-year terms with the advice and consent of the Senate, from among the sitting governors.
This morning, Janet Yellen sat down in front of the Senate Banking Committee to begin her confirmation as the next chair of the Federal Reserve. Coming out of that meeting, many expect that the ...
On Wednesday, President Obama nominated Janet Yellen to succeed Ben Bernanke at the top of the Federal Reserve. If her nomination is confirmed, Yellen will step into arguably the most powerful ...
Yellen’s view on GDP growth is also noteworthy. Last month, the Commerce Department reported that for Q3, real GDP in the U.S. increased at an annual rate of 4.9%.
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States ...
Janet Yellen, the incumbent Treasury Secretary, is the highest ranking Jewish woman to hold a cabinet post. Two Jewish cabinet secretaries were immigrants to the United States: Kissinger, Secretary of State under Presidents Richard Nixon and Gerald Ford , and W. Michael Blumenthal , Secretary of the Treasury under President Jimmy Carter .
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