Brooklyn, New York City, New York, United States : Janet Louise Yellen born August 13, 1946 is an American economist. She is the Chair of the Board of Governors of the Federal Reserve System, 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’s ability to connect economic theory to everyday life is considered one of the defining characteristics of her career, and President Obama cited her understanding of the high “human costs” of unemployment when he nominated her to succeed Ben Bernanke as Chair of the United States Federal Reserve. On January 6, 2014, the Senate confirmed Yellen’s nomination. She was sworn in on February 3, 2014, making her the first woman to hold the position.