Janet Yellen
Janet Louise Yellen (born August 13, 1946) is an American economist and professor. She is a Democrat. She is the 78th and current United States Secretary of the Treasury since January 26, 2021.
Janet Yellen | |
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| 78th United States Secretary of the Treasury | |
| Assumed office January 26, 2021 | |
| President | Joe Biden |
| Deputy | Wally Adeyemo |
| Preceded by | Steven Mnuchin |
| 15th Chair of the Federal Reserve | |
| In office February 3, 2014 – February 3, 2018 | |
| President | Barack Obama Donald Trump |
| Deputy | Stanley Fischer |
| Preceded by | Ben Bernanke |
| Succeeded by | Jerome Powell |
| Vice Chair of the Federal Reserve | |
| In office October 4, 2010 – February 3, 2014 | |
| President | Barack Obama |
| Preceded by | Donald Kohn |
| Succeeded by | Stanley Fischer |
| Member of the Federal Reserve Board of Governors | |
| In office October 4, 2010 – February 3, 2018 | |
| President | Barack Obama Donald Trump |
| Preceded by | Mark W. Olson |
| Succeeded by | Vacant |
| In office August 12, 1994 – February 17, 1997 | |
| President | Bill Clinton |
| Preceded by | Wayne Angell |
| Succeeded by | Edward Gramlich |
| President of the Federal Reserve Bank of San Francisco | |
| In office June 14, 2004 – October 4, 2010 | |
| Preceded by | Robert Parry |
| Succeeded by | John Williams |
| 18th Chair of the Council of Economic Advisers | |
| In office February 18, 1997 – August 3, 1999 | |
| President | Bill Clinton |
| Preceded by | Joseph Stiglitz |
| Succeeded by | Martin Baily |
| Personal details | |
| Born | Janet Louise Yellen August 13, 1946 Brooklyn, New York City, U.S. |
| Political party | Democratic |
| Spouse(s) | George Akerlof |
| Children | 1 |
| Education | Brown University (AB) Yale University (MA, PhD) |
| Signature |  |
Chair of the Federal Reserve
In October 2013, President Barack Obama nominated Yellen to be first female Chair of the Federal Reserve. She replaced Ben Bernanke. She chaired the Federal Reserve from February 3, 2014 until February 5, 2018. In November 2017, President Donald Trump nominated Federal Reserve Board of Governors member Jerome Powell to replace Yellen.[1]
Earlier, she was the President and Chief Executive Officer of the Federal Reserve System in the Clinton administration.
U.S. Secretary of the Treasury
In November 2020, President-elect Joe Biden nominated Yellen to be the next United States Secretary of the Treasury.[2] She is the first woman to be Treasury secretary.[2]
The U.S. Senate confirmed her nomination with a vote of 84–15[3] on January 25, 2021.[4][5] With her swearing-in by Vice President Kamala Harris the next day,[6] Yellen became the first person in American history to lead the three most powerful economic bodies in the Federal government: the Treasury Department, the Federal Reserve, and the White House Council of Economic Advisers.[7]
Personal
She was born in Brooklyn, New York City, and has a Jewish background.[8] She is married to Nobel Prize winning economist George Akerlof.[9]
Janet Yellen Media
Official photo as CEA chair, c. 1990s
Yellen takes the oath of office administered by Federal Reserve chairman Ben Bernanke in the Eccles Building, October 4, 2010
Official portrait as Federal Reserve chair, 2015
From left to right: Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker, May 1, 2014
Yellen in conversation with IMF managing director Christine Lagarde, July 2, 2014
Yellen delivers her farewell speech to Federal Reserve staff, February 1, 2018
President Joe Biden and Vice President Kamala Harris receive an economic briefing from Treasury Secretary Yellen in the Oval Office, January 29, 2021
Yellen meeting with German finance minister Olaf Scholz, July 2, 2021
Yellen meet Premier Li Qiang
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References
- ↑ Gensler, Lauren (November 2, 2017). "Trump Taps Jerome Powell As Next Fed Chair In Call For Continuity". Forbes. https://www.forbes.com/sites/laurengensler/2017/11/02/trump-picks-federal-reserve-chair-jerome-powell/.
- ↑ 2.0 2.1 Janet Yellen Is Biden’s Pick for Treasury Secretary. The Wall Street Journal. https://www.wsj.com/articles/janet-yellen-is-bidens-pick-for-treasury-secretary-11606161637. Retrieved November 23, 2020.
- ↑ "Question: On the Nomination (Confirmation: Janet Louise Yellen, of California, to be Secretary of the Treasury )". Roll Call Vote 117th Congress - 1st Session. 25 January 2021. Archived from the original on January 26, 2021.
- ↑ "What They Are Saying: Secretary of the Treasury Janet Yellen Confirmed in a Historic, Bi-Partisan Senate Vote". Press Release. U.S. Department of the Treasury. 26 January 2021.
- ↑ Tappe, Anneken; Egan, Matt (January 25, 2021). "Janet Yellen is confirmed as the first female Treasury secretary in US history". CNN. Archived from the original on January 26, 2021. Retrieved January 25, 2021.
- ↑ Rappeport, Alan (2021-01-26). "Harris swears in Yellen as Treasury secretary, a first for women in both roles." (in en-US). The New York Times. . https://www.nytimes.com/live/2021/01/26/us/biden-trump-impeachment. Retrieved 2021-01-26.
- ↑ "Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury". Press Release. U.S. Department of the Treasury. 26 January 2021.
- ↑ Janet Yellen, the Jewish former Fed chief, is on Biden’s treasury secretary short list. Here’s what to know about her., Jewish Telegraphic Agency, November 20, 2020
- ↑ Smialek, Jeanna (2020-11-23). "Janet Yellen, Biden’s Expected Treasury Pick, Has Broken More Than Gender Barriers" (in en-US). The New York Times. . https://www.nytimes.com/2020/11/23/business/economy/janet-yellen-treasury-secretary.html. Retrieved 2020-11-24.
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