Janet Yellen facts for kids
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|78th United States Secretary of the Treasury|
|15th Chair of the Federal Reserve|
February 3, 2014 – February 3, 2018
|Preceded by||Ben Bernanke|
|Succeeded by||Jerome Powell|
|Vice Chair of the Federal Reserve|
October 4, 2010 – February 3, 2014
|Preceded by||Donald Kohn|
|Succeeded by||Stanley Fischer|
|Member of the Federal Reserve Board of Governors|
October 4, 2010 – February 3, 2018
|Preceded by||Mark W. Olson|
August 12, 1994 – February 17, 1997
|Preceded by||Wayne Angell|
|Succeeded by||Edward Gramlich|
|President of the Federal Reserve Bank of San Francisco|
June 14, 2004 – October 4, 2010
|Preceded by||Robert Parry|
|Succeeded by||John Williams|
|18th Chair of the Council of Economic Advisers|
February 18, 1997 – August 3, 1999
|Preceded by||Joseph Stiglitz|
|Succeeded by||Martin Baily|
Janet Louise Yellen
August 13, 1946
Brooklyn, New York City, U.S.
|Education||Brown University (AB)
Yale University (MA, PhD)
Yellen is the first person in American history to lead the three most powerful economic bodies in the Federal government of the United States: the Treasury Department, the Federal Reserve, and the White House Council of Economic Advisers.
Early life and education
Yellen was born to a Polish Jewish family in New York City's Brooklyn borough, as the daughter of Anna Ruth (née Blumenthal; 1907–1986), an elementary school teacher and Julius Yellen (1906–1975), a family physician, who worked from the ground floor of their home.
She graduated from Fort Hamilton High School in the Bay Ridge section of Brooklyn as a valedictorian. She then graduated from Pembroke College in Brown University with a degree in economics in 1967. She received her Ph.D. in economics from Yale University in 1971. Two dozen economists earned their Ph.D from Yale in 1971, but Yellen was the only woman in that doctoral class.
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.
In November 2020, President-elect Joe Biden nominated Yellen to be the next United States Secretary of the Treasury. If confirmed by the United States Senate, she will be the first woman to be Treasury secretary.
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