Janet Yellen
78th United States Secretary of the Treasury From Wikipedia, the free encyclopedia
Janet Louise Yellen (born August 13, 1946) is an American economist and professor. She was the 78th United States Secretary of the Treasury from 2021 to 2025 during the Joe Biden administration. Yellen was the 15th Chair of the Federal Reserve from 2014 to 2018. She is a Democrat.
Janet Yellen | |
|---|---|
Official portrait, 2021 | |
| 78th United States Secretary of the Treasury | |
| In office January 26, 2021 – January 20, 2025 | |
| President | Joe Biden |
| Deputy | Wally Adeyemo |
| Preceded by | Steven Mnuchin |
| Succeeded by | Scott Bessent |
| 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 |
| 19th 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 | Lisa D. Cook |
| In office August 12, 1994 – February 17, 1997 | |
| President | Bill Clinton |
| Preceded by | Wayne Angell |
| Succeeded by | Edward Gramlich |
| 11th President of the Federal Reserve Bank of San Francisco | |
| In office June 14, 2004 – October 4, 2010 | |
| Preceded by | Robert T. Parry |
| Succeeded by | John C. 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 Neil Baily |
| Personal details | |
| Born | Janet Louise Yellen August 13, 1946 Brooklyn, New York City, U.S. |
| Political party | Democratic |
| Spouse(s) | |
| Children | 1 |
| Education | Brown University (BA) Yale University (MA, PhD) |
| Signature |  |
| Academic career | |
| Institution |
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| Field | Macroeconomics Labor economics |
| School or tradition | New Keynesian economics |
| Doctoral advisor | James Tobin |
| Academic advisors | Joseph Stiglitz |
| Doctoral students | Charles Engel |
| Influences | John Maynard Keynes |
| Information at IDEAS / RePEc | |
| Academic background | |
| Thesis | Employment, Output and Capital Accumulation in an Open Economy: A Disequilibrium Approach (1971) |
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]
References
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