President Obama to Nominate Janet Yellen as Fed Chief

Janet Yellen

President Obama will nominate Janet L. Yellen as chairwoman of the Federal Reserve today.  Yellen, 67, who has been the Fed’s vice chairwoman since 2010, would be the first woman to run the central bank.

A native of Brooklyn, she was previously president of the Federal Reserve Bank of San Francisco, a White House adviser, a Fed governor during the Clinton administration and a longtime professor at the University of California, Berkeley.

Her four-year appointment as chairwoman must be confirmed by the Senate.

Vice chair, Federal Reserve, 2010-present; president, Federal Reserve Bank of San Francisco, 2004-2010; chair, White House Council of Economic Advisers, 1997-99; member, Federal Reserve Board of Governors, 1994-97; faculty member, University of California, Berkeley, 1980-94 (on leave); lecturer at London School of Economics and Political Science, 1978-80; economist, Federal Reserve, 1977-78; assistant professor at Harvard University, 1971-76.

EDUCATION — Bachelor's degree in economics from Brown University, 1967; doctorate in economics from Yale University, 1971.

 

FAMILY — Husband, George A. Akerlof, Nobel laureate in economics (2001) and Berkeley professor; a son, Robert Akerlof.  (ABC News, 10/9/2013, NYT, 10/8/2013, photo: NYT)