Janet Yellen photograph

Janet Yellen

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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
BooksThe 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 positionChair of the Federal Reserve of the United States (2014–2018)
Parents Julius Yellen
Anna Yellen
Date of Reg.
Date of Upd.
ID402065
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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

UK explores using frozen Russian assets to fund Ukraine defence
Oct 13,2023 10:51 am

... 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

Government shutdown only hours away in Washington DC
Sep 30,2023 1:11 am

... 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

Biden disappointed Xi will not attend G20 summit
Sep 3,2023 10:41 pm

... 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?

US-Japan-SKorea summit a coup for Biden but will detente last?
Aug 18,2023 11:41 am

... 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

US to bar and screen some tech investments in China
Aug 9,2023 10:21 pm

... 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+

Fitch downgrades US credit rating from AAA to AA+
Aug 1,2023 8:41 pm

... Treasury Secretary Janet Yellen called the downgrade " arbitrary"...

John Kerry in Beijing: Can US and China set aside rivalry for climate action?

John Kerry in Beijing: Can US and China set aside rivalry for climate action?
Jul 15,2023 7:00 pm

... 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

US-China talks a 'step forward' in relations, says Janet Yellen
Jul 9,2023 6:00 am

...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...

Government shutdown only hours away in Washington DC

Jul 8,2023 3:20 pm

By Sam CabralBBC News, Washington

The US government is on The Brink of another shutdown with Congress poised to Miss A Saturday midnight deadline to fund federal agencies.

The Fourth shutdown to occur over The Past decade, it could significantly affect everything from air travel to National Parks and marriage licenses.

Most government employees will be furloughed without pay, and crucial nutrition programmes will be halted.

It Follows a hard-right revolt in the US House of Representatives.

Republicans control The House by a slim majority, while Democrats hold The Senate by a single seat.

That means spending bills to keep the government open require buy-in from both parties in order to advance through both chambers to President Joe Biden 's desk.

But a rebel faction of right-wing lawmakers has held up negotiations in The House , the lower congressional chamber, with a demand for significant cuts in spending, including a call for no more US funding of The War in Ukraine.

Receiving vocal support online from former President Donald Trump , the hard-liners have tanked efforts by Speaker Kevin McCarthy to shepherd legislation needed to break the impasse through The House .

While the Speaker could ostensibly turn to Democrats for the votes he would need to approve a spending measure, it is a move that would likely trigger an effort by The Rebel faction to oust him from his plum leadership post.

Mr McCarthy has also refused to take up a short-term funding bill making its way through The Senate . The Bill , which includes $6bn (£4. 9bn) for Ukraine and $6bn for disaster aid, is a last-ditch effort to avert a lengthy shutdown and appears to have strong bipartisan support in the upper chamber.

On Friday, House Republicans' short-term funding measure, which included strict border policies championed by the hardliners, was rejected by as many as 21 members of The Party and failed to pass.

In a closed-door meeting, Mr McCarthy said that Republicans would have to opt for The House bill or The Senate 's version, or risk being blamed for a shutdown.

But The Rebel lawmakers asserted they would not budge for anything less than a long-term spending bill with their priorities addressed.

" This take it or Leave It or I'll blame you won't work on us, " South Carolina Congresswoman Nancy Mace , a moderate who voted against The House bill on Friday, wrote on X.

" I'm in this for the Long Run and have no problem taking on DC to do it. "

Chuck Schumer , The Senate Majority Leader, slammed Mr McCarthy for bringing up " truly radical" proposal that could not make it through both chambers.

" The Speaker needs to abandon his doomed mission of trying to please [Republican] extremists, " He Said .

The White House backed Mr Schumer's calls for The House to get behind his spending bill.

" The Path forward to fund the government has been laid out by The Senate with bipartisan support - House Republicans just need to take it, " press secretary Karine Jean-Pierre wrote in a statement on Friday.

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. "

Ms Yellen warned that " key government functions" including loans to farmers and small businesses, food and workplace safety inspections, and major infrastructure improvements would all be affected.

Shutdowns take place when Congress is unable to approve the roughly 30% of the federal budget it must approve before the start of each fiscal year on 1 October.

This means that, on Monday, hundreds of thousands of federal workers except those deemed " essential" will be At Home without pay. Many of these employees live paycheque to paycheque, according to The American Federation of Government Employees.

More Than 1. 4 million active-duty members of the military and tens of thousands of Air Traffic controllers will be among those working, without pay.

It is a troubling development for any federal workers holding student loan debt. Loan repayments for over 40 million people will restart on Sunday after being paused since the start of the pandemic.

The shutdown will also have an immediate impact on the Special Supplemental Nutrition Program for Women, Infants and Children (WIC), which provides grocery assistance to seven million pregnant women and new mothers.

A prolonged shutdown could also affect the Supplemental Nutrition Assistance Program (SNAP), a grocery benefit known as " food stamps" that serves 40 million low-income Americans, and hinder the implementation of a new programme to serve free breakfast and lunch to students in high-need school districts.

Museums, National Parks , research facilities and communities health centres with federal government oversight or funding are likely to suspend operations for the period of the shutdown.

Additionally, the Government Agency at the helm of relief and recovery from Natural Disasters is currently scrambling to conserve cash in The Event a shutdown collides with an above-normal Atlantic Hurricane Season .

Budget disputes that cause this kind of disruption do not occur Anywhere Else in The World and has been criticised as an example of Washington's growing dysfunction and partisan divides.

The Last government shutdown, under Mr Trump in 2019, lasted a record 34 days.

It erased $11bn in economic output, according to the Congressional Budget Office, and federal workers were seen standing In Line at food banks.

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Source of news: bbc.com

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