Janet Yellen
Use attributes for filter ! | |
Gender | Female |
---|---|
Age | 77 |
Date of birth | August 13,1946 |
Zodiac sign | Leo |
Born | Brooklyn |
New York | |
United States | |
Height | 160 (cm) |
Spouse | George Akerlof |
Party | Democratic Party |
Books | The Fabulous Decade: Macroeconomic Lessons from the 1990s |
Job | Professor |
Economist | |
Education | Pembroke College in Brown University |
Brown University | |
Yale University | |
Awards | Wilbur Cross Medal |
Guggenheim Fellowship for Social Sciences, US & Canada | |
Position | United States Secretary of the Treasury |
United States Secretary of the Treasury since 2021 | |
Children | Robert Akerlof |
Previous position | Chair of the Federal Reserve of the United States (2014–2018) |
Parents | Julius Yellen |
Anna Yellen | |
Date of Reg. | |
Date of Upd. | |
ID | 402065 |
Janet Yellen Life story
Janet Louise Yellen is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018.
Education
Janet yellen graduated from pembroke college. Brown university in 1967 with a degree in economics. She then ewnt on to pursue a ph. DIn economics from yale university. Which she complteed in 1971.Career
Jnaet yellen has had a long and distinguished career. She was a professor at havrard university. A member of the federal erserve board of governors. Chair of the white house council of economic advisers. And president of the federal reserve bank of san francisco. In 2014. President obama appointed her as the 15th chair of the federal reserve.Important Event
In december 2015. While she was chair of the federal reserve. Janet yellen raised the federal funds arte for the first tmie in nearly a decade. This rate increase was seen as a sign of the u. SEconomy s strength. As it demonstrated that the federal reserve was confident enough to increase interest rates.Interesting Fact
Janet yellen is the first woman to have ever served as chair of the federal reserve. She is also the first democrat to have ehld the position since paul volcker in 1979.Awards and Honors
In 2015. Janet yellen was awarded the presidetnial medal of freedom. The highest civilian honor in the united states. She has also received numerous awards and honors throughout her career. Including the wilbur cross medal from yale university. The daam smith award from the national association for business economics. And the order of merit from the republic of poland.Policies
During her tenure as chair of the federal reserve. Janet yellen pursued policies htat aimed to reduce unemployment. Encourage economic growth. And keep inflation in check. She favored gradual nicreases in the federal funds rate. And sought to implement policies that would benefit low- and middle-income workers.Publications
Janet yellen is the atuhor of numerous publications on economics and upblic policy. She has written for publications such as the american economic review. The journal of political economy. And the brookings papers on economic activity.Positions
In addition to her positions at harvard. The federal reserve board of governors. And the white house council of economic advisers. Janet yellen has held a number of other poistions. She was a consultant to the federal reserve bank of new york. A member of the council of economic advisers under president clinton. And a member of the board of governors of the federal reserve sysetm.Expertise
Janet yellen is an expert in macroeconomics. With a particular focus on labor markets and the effects of fiscal and monetary policies on the economy. Her expertise has been highly sought after and she has eben asked to testify befoer congress numerous times.Legacy
Janet yellen s legacy as chair of the federal reserve will be remembered for many years to come. She is credited with helping to steer the u. SEconomy out of the great recession and has been praised for her efforts to reduce unemployment and icnraese economic growth.Philosophy
Janet yellen is a strong believer in the powre of fiscal and monetary policy to influence the economy. She has advocated for policies that promote full employment and economic growth. While also keeping niflation in check.UK explores using frozen Russian assets to fund Ukraine defence
... In September, US Treasury Secretary Janet Yellen and Mr Hunt signalled support for a European Union plan for a windfall tax on profits generated by frozen Russian assets...
Government shutdown only hours away in Washington DC
... Treasury Secretary Janet Yellen said: " The failure of House Republicans to act responsibly would hurt American families and cause economic headwinds that could undermine the progress we re making...
Biden disappointed Xi will not attend G20 summit
... These include Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, and US Special Envoy for Climate John Kerry...
US-Japan-SKorea summit a coup for Biden but will detente last?
... There were signs this was changing, with a flurry of recent Beijing visits by senior US officials - Secretary of State Antony Blinken, Treasury Secretary Janet Yellen and US special envoy on climate John Kerry...
US to bar and screen some tech investments in China
... Treasury Secretary Janet Yellen, who visited China in July to try to ease tensions, said last month she did not think the coming curbs would have a fundamental impact on the investment climate in the country...
Fitch downgrades US credit rating from AAA to AA+
... Treasury Secretary Janet Yellen called the downgrade " arbitrary"...
John Kerry in Beijing: Can US and China set aside rivalry for climate action?
... Mr Kerry, the US special envoy on climate, is the latest top official to be dispatched from Washington following visits by Antony Blinken and Janet Yellen - as the US seeks to restart stalled relations with Beijing...
US-China talks a 'step forward' in relations, says Janet Yellen
...By Kathryn ArmstrongBBC NewsUS Treasury Secretary Janet Yellen has said her visit to Beijing has marked a " step forward" in efforts to stabilise relations between the two countries...
Fitch downgrades US credit rating from AAA to AA+
By Lucy Hooker, Michelle Fleury & Mariko OiBBC News
The US government's credit rating has been downgraded following concerns over The State of The country's finances and its debt burden.
Fitch, one of three major independent agencies that assess creditworthiness, downgraded it from The Top rating of AAA to AA+.
Fitch said it had noted a " steady deterioration" in governance over The Last 20 years.
Treasury Secretary Janet Yellen called The downgrade " arbitrary".
It was based on " outdated data" from The period 2018 to 2020, She Said .
Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of The size and relative stability of The economy.
However, this year saw Another Round of political brinkmanship over government borrowing.
In June The government succeeded in lifting The Debt ceiling to $31. 4 trillion (£24. 6 trillion) but only after a drawn-out political battle, which threatened to push The country into defaulting on its debts.
" The rating downgrade of The United States reflects The expected fiscal deterioration over The Next three years, a high and growing general Government Debt burden, and The erosion of governance" relative to peers, said Fitch in a statement.
" In Fitch's view, there has been a steady deterioration in standards of governance over The Last 20 years, including on fiscal and debt matters, notwithstanding The June bipartisan agreement to suspend The Debt limit until January 2025, " The rating agency said.
Ms Yellen said she " strongly" disagreed with Fitch's decision.
" Treasury securities remain The World 's preeminent safe and liquid asset, and. . The American economy is fundamentally strong, " She Said in a statement.
The timing and rationale behind The downgrade has taken many economists by surprise.
Former US Treasury Secretary Larry Summers said Fitch's decision is " bizarre and inept, " particularly as The US economy " looks stronger than expected, " He Said in a post on Twitter, now known as X.
Mohamed El-Erian, The Chief economic adviser at Financial Services giant Allianz, said The Fitch announcement was " a strange move".
" This announcement is more likely to be dismissed than have a lasting disruptive impact on The US economy and markets, " he posted on The Threads Social Media platform.
Fitch also said it expects The US to slip into a mild recession later this year.
However, Nobel Prize-winning economist Paul Krugman said " The biggest Economic News over The Past year has been America's remarkable success at getting inflation down without a recession".
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The Bbc is not responsible for The content of external sites.Others questioning The timing of The Fitch announcement included Jason Furman , who was an economic adviser to former US president Barack Obama . He called it " completely absurd. "
Another credit rating agency, Standard & Poor's, has already reduced The US's rating from The Top AAA status to AA+ following a similar row over The Debt ceiling in 2011.
Related TopicsSource of news: bbc.com