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...

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

Jul 8,2023 3:20 pm

By Tessa WongAsia Digital Reporter, BBC News

As John Kerry touches down in China, the main question will be whether The World 's biggest superpowers - and polluters - Can dispel diplomatic tensions to Focus On key climate goals.

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.

He will meet his Chinese counterpart Xie Zhenhua and other officials on his four-day trip. Mr Kerry's office says he wants to engage with China on " increasing implementation and ambition" and ensuring a successful COP28, the UN Climate Change conference scheduled for The End of the year.

While their meeting is not widely expected to yield any concrete decisions, it will be seen as a conversation starter. They are likely to discuss their common challenges of accelerating their switch to Clean Energy and reducing carbon emissions.

The Two Countries are the biggest investors in Renewable Energy , with China alone Making Up More Than half of The World 's total Renewable Energy investment,

But they are also The World 's two largest carbon emitters, making them the " G2 of energy consumption, energy use and pollution, " noted Dan Kammen, energy professor at the University of California, Berkeley.

" So both are making major steps, But neither are actually seeing emissions fall yet, " he told The Bbc Newshour programme.

Contradictory moves

Both governments are evidently still struggling to balance the demands of Economic Growth and reducing emissions, leading to contradictory moves That have attracted criticism from environmentalists.

It wasn't so long ago That China appeared keen on reducing its reliance on coal.

In 2020, President Xi Jinping announced key carbon neutrality goals after a steady ramp-up in previous years in Clean Energy infrastructure. Years of worsening smog in Beijing and other cities had triggered widespread public anxiety, prompting authorities to progressively shut down coal-fired power plants and curtail coal production.

But since then, blackouts have been plaguing the country, mainly attributed to either the coal power slowdown or severe droughts affecting hydropower output. The resurgent post-Covid economy, both domestically and globally, has seen a greater demand for power as China's factories increase production. Extreme heatwaves - Like The One seen this Summer - and cold snaps have also led to higher electricity consumption.

China has now shifted to prioritising its energy security. That means moving back to coal power, because this is seen as more reliable when compared with the intermittency of wind and Solar Energy .

Last Year , China approved a dramatic increase in its coal power output, the equivalent of approving two large coal power plants a week,

That while Renewable Energy now forms a greater share of China's power output, coal-fired power was still rising in absolute terms because of The Sheer demand.

Activists have criticised The Return to coal as a lazy way of solving The Problem , arguing That there are market policies and infrastructure solutions That Can make Clean Energy supply more consistent.

As for the US, it has recently passed two pieces of legislation That would put billions of dollars into Clean Energy . But it has also just approved in Alaska.

US carbon emissions also grew in 2022 as the country consumed more natural gas during Extreme Weather That year, according to The International Energy Agency.

" The US is no better… so each one has a long way to go, each one needs to egg The Other on, and most importantly all the countries all around are watching to what degree the US and China absolutely are dead serious about the climate goals, " said Prof Kammen.

Laying out their wishlists

Analysts say Mr Kerry may try to persuade China to fully capitalise on its Clean Energy resources and achieve carbon neutrality more quickly.

China aims to peak its carbon emissions by 2030 and become carbon neutral by 2060 - goals which some say are too far off and give it too much leeway. Others have also taken issue with the fact That China is still considered a " developing country" by the UN, which means it is held to different standards than the US and other major powers.

Earlier this month to international climate funds Set Up by richer countries to help poorer economies struggling with Climate Change . China has rejected such requests in The Past , citing its UN status.

China's own wishlist may include the removal of a recently reinstated US tariff on Chinese-manufactured solar panels. It may also object to proposed US taxes on foreign steel and aluminium based on carbon emissions, which would hit Chinese exports hard.

Both sides could also use climate issues as a bargaining chip in their wider trade and political negotiations.

China would be reluctant to be seen as giving in to the US given the current state of their relationship, warned Li Shuo, Greenpeace East Asia 's senior global policy advisor based in Beijing.

But there is an opportunity for Mr Kerry and Mr Xie to " capitalise on this relatively calm period… to separate their bilateral relationship from their climate conversation" he told The Bbc .

In other words, both countries need to urgently put aside their rivalry to address the climate crisis, say experts. There is a hope for a return to the amity seen at the 2021 COP meeting, where they announced a surprise joint agreement to accelerate emissions reductions.

" You could still make an argument to decouple your trade, as long as you are willing to bear the cost. But you Can never make an argument to decouple climate engagement because… this issue will never be singlehandedly solved by the US or China. It is truly a global issue That requires all hands on deck, " said Mr Li.

Prof Kammen agreed. " Let's recognise That if we don't fix this, all our disputes about Human Rights and things are important - But they are truly rearranging deckchairs on The Titanic , " He Said .

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Source of news: bbc.com

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