Janet Louise Yellen is an American economist serving as the 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 also a professor emerita at Haas School of Business at the University of California, Berkeley.
About Janet Yellen in brief
Janet Louise Yellen is an American economist serving as the 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 also a professor emerita at Haas School of Business at the University of California, Berkeley, and formerly a distinguished fellow in residence at the Brookings Institution. Yellen was born to a Polish Jewish family in the Bay Ridge neighborhood of New York City’s Brooklyn borough, where she also grew up. She received her Ph. D. in economics from Yale University in 1971. She met her husband George Akerlof in the bank’s cafeteria; they wed in 1978, less than a year later. She was appointed as an assistant professor of economics at Harvard University. She chaired the Council of Economic Advisers in the President Bill Clinton administration from 1997 to 1999. In July 1996, Yellen resisted pressure to raise interest rates as unemployment declined under chairman Alan Greenspan. On February 17, 1997, she became the second woman to hold the job, following Laura Stiglitz in the office of U.S. Secretary of the Treasury. She served one term and was not re-appointed by President Donald Trump. She has been named Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics at UC Berkeley. In August 1994, she took leave from Berkeley for five years. President Clinton appointed her as a member of Federal Reserve Board of Governors.
She served as vice-chair of the Fed from 2010 to 2014. She left the Fed to become the chair of President Clinton’s Council of economic Advisers from February 18, 1997 to February 18,. 1997. She also served as president of the Federal Reserve Bank of San Francisco from 2004 to 2010. Her dissertation was titled \”Employment, Output and Capital Accumulation in an Open Economy: A Disequilibrium Approach\” under the supervision of Nobel laureate James Tobin. Her former professor Joseph Stiglitzer, another Nobelist, has called Yellen one of his brightest and most memorable students. She worked for the World Bank in the 1970s and 1980s. She now teaches macroeconomics at the Haas School. She lives in California with her husband, George Akerslof, and their two children, John and Anna Ruth. She and her husband have three adult children and one step-grandchild, John, who lives in Washington, D.C., with his wife, Anne, and has two step-great-grandchildren, John J. and Emily, who live in New York, New York and Washington, DC. She currently lives in San Francisco with her wife and their three children. She works as a professor at the UC Berkeley business school and has been awarded the Haas school’s outstanding teaching award twice. Her husband and her children live in California and New York with her and her step-daughter, Emily, and have two children in New Jersey and New England.