Janet Yellen

Date of Birth: August 13, 1946

Zodiac Sign: Leo

Date of Death: *Not applicable (as of the last update in 2023)*

Biography

Janet Louise Yellen is an American economist and public servant who has made significant contributions to economic policy and financial stability in the United States. Born on August 13, 1946, in Brooklyn, New York, Yellen has had a distinguished career in both academia and government service. She received her Ph.D. in economics from Yale University in 1971 and began her teaching career at Harvard University before moving to the London School of Economics and later the University of California, Berkeley. Yellen rose to prominence through her work with the Federal Reserve System. She served as President and CEO of the Federal Reserve Bank of San Francisco from 2004 to 2010, and later as Vice Chair of the Federal Reserve Board of Governors from 2010 to 2014. In 2014, Yellen made history by becoming the first woman to serve as the Chair of the Federal Reserve, a position she held until 2018. Her tenure was marked by a focus on reducing unemployment and fostering economic recovery following the Great Recession. In 2021, Janet Yellen was appointed as the 78th Secretary of the Treasury by President Joe Biden, becoming the first woman to hold this position as well. Throughout her career, Yellen has been known for her meticulous approach to economic policy and her advocacy for labor market inclusivity and economic stability.

5 Interesting Facts about Janet Yellen

1. Janet Yellen is the first person in history to have led the White House Council of Economic Advisers, the Federal Reserve, and the Treasury Department.

2. She is known for her dovish stance on monetary policy, often prioritizing low unemployment over controlling inflation.

3. Yellen has authored numerous influential papers in macroeconomics, particularly on the topics of labor markets and unemployment.

4. She has been a strong advocate for increasing diversity within the economics profession.

5. Yellen is married to Nobel Prize-winning economist George Akerlof, and the couple has frequently collaborated on research.

5 Most Interesting Quotes from Janet Yellen

1. “The goal of monetary policy is to create a stable monetary and financial environment that fosters the achievement of the Federal Reserve’s statutory objectives of maximum employment and stable prices.”

2. “I am committed to pursuing the dual goals of maximum employment and price stability.”

3. “Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.”

4. “It’s essential to ensure that economic growth is inclusive and benefits all segments of the population.”

5. “Climate change is a very real concern and poses significant risks to the economy.”

Highest Net Worth Achieved

Janet Yellen’s highest net worth achieved is estimated to be around $20 million.

Children

Janet Yellen and George Akerlof have one son, Robert Akerlof, who is also an economist and serves as an Associate Professor of Economics at the University of Warwick.