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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.
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 .
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 ...
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 ...
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.
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.
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 ...