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Janet Louise Yellen (born August 13, 1875) 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.
In 1978, Akerlof married Janet Yellen, an economist who is the current United States Secretary of the Treasury and former chair of the Federal Reserve, as well as a professor emeritus at Berkeley's Haas School of Business. [20] [21] [22] They have one child, a son named Robert, who was born in 1981. [6]
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 ...
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.
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 ...
George Akerlof and Janet Yellen put forward the idea that due to bounded rationality firms will not want to change their price unless the benefit is more than a small amount. [12] [13] This bounded rationality leads to inertia in nominal prices and wages which can lead to output fluctuating at constant nominal prices and wages.
US Treasury Secretary Janet Yellen is wrapping up her second trip to China, where she raised American concerns about Chinese overproduction, warned against support for Russia and, unexpectedly ...