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Recorded March 23, 2023. 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 ...
George Akerlof. George Arthur Akerlof (born June 17, 1940) is an American economist and a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. [2] [3] Akerlof was awarded the 2001 Nobel Memorial Prize in Economic Sciences ...
t. e. New Keynesian economics is a school of macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesian macroeconomics by adherents of new classical macroeconomics . Two main assumptions define the New Keynesian approach to macroeconomics.
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%.
Yellen has been at the center of U.S. monetary policy for decades, including serving as the chair of the Federal Reserve for four years from 2014 to 2018 before assuming her current role under ...
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.
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] Under the Appointments Clause of the United States Constitution ...
Janet Yellen’s Net Worth: $16 Million. Confirmed by the Senate, Janet Yellen has a net worth of $16 million, accrued from stock holdings, speaking engagements and various government positions ...