Janet Yellen facts for kids

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Janet Yellen
Janet Yellen official Federal Reserve portrait.jpg
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
Personal details
Born
Janet Louise Yellen

August 13, 1946 (1946-08-13) (age 73)
New York City, New York, U.S.
Nationality American
Political party Democratic
Spouse(s) George Akerlof
Children 1 son
Education Brown University (BA)
Yale University (MA, PhD)

Janet Louise Yellen (born August 13, 1946) is an American economist. She served as the Chair of the Board of Governors of the Federal Reserve System from 2014–2018, previously serving as Vice Chair from 2010 to 2014. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco; Chair of the White House Council of Economic Advisers under President Bill Clinton; and business professor at the University of California, Berkeley, Haas School of Business.

Yellen was nominated by President Obama to succeed Ben Bernanke as Chairwoman of the United States Federal Reserve. On January 6, 2014, the U.S. Senate confirmed Yellen's nomination. She was sworn in on February 3, 2014, making her the first woman to hold the position.

Early life and education

Janet yellen swearing in 2010
Yellen being sworn in by Federal Chairman Ben Bernanke in October 2010

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.

Yellen is married to George Akerlof, economist, Nobel Memorial Prize in Economic Sciences laureate, professor at Georgetown University, and professor emeritus at the University of California, Berkeley. Their son, Robert Akerlof, teaches Economics at the University of Warwick.

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