Janet Yellen

**Janet Louise Yellen** (born August 13, 1946) is an American economist and professor. She was the 78th United States Secretary of the Treasury from 2021 to 2025 during the Joe Biden administration. Yellen was the 15th Chair of the Federal Reserve from 2014 to 2018. She is a Democrat.

## Chair of the Federal Reserve

In October 2013, President Barack Obama nominated Yellen to be first female Chair of the Federal Reserve. She replaced Ben Bernanke. She chaired the Federal Reserve from February 3, 2014 until February 5, 2018. In November 2017, President Donald Trump nominated Federal Reserve Board of Governors member Jerome Powell to replace Yellen.

Earlier, she was the President and Chief Executive Officer of the Federal Reserve System in the Clinton administration.

## U.S. Secretary of the Treasury

In November 2020, President-elect Joe Biden nominated Yellen to be the next United States Secretary of the Treasury. She is the first woman to be Treasury secretary.

The U.S. Senate confirmed her nomination with a vote of 84–15 on January 25, 2021. With her swearing-in by Vice President Kamala Harris the next day, Yellen became the first person in American history to lead the three most powerful economic bodies in the Federal government: the Treasury Department, the Federal Reserve, and the White House Council of Economic Advisers.

## Personal

She was born in Brooklyn, New York City, and has a Jewish background. She is married to Nobel Prize winning economist George Akerlof.

## Infobox (academic)

- **child**: yes
- **thesis title**: Employment, Output and Capital Accumulation in an Open Economy: A Disequilibrium Approach
- **thesis url**: https://www.proquest.com/docview/288017476
- **thesis year**: 1971


## Infobox (economist)

- **child**: yes
- **field**: Macroeconomics
Labor economics
- **school tradition**: New Keynesian economics
- **doctoral advisor**: James Tobin
- **academic advisors**: Joseph Stiglitz
- **doctoral students**: Charles Engel
- **influences**: John Maynard Keynes
- **repec prefix**: e
- **repec id**: pye21


## Infobox (officeholder)

- **name**: Janet Yellen
- **image**: Secretary Janet Yellen portrait.jpg
- **caption**: Official portrait, 2021
- **office**: 78th United States Secretary of the Treasury
- **president**: Joe Biden
- **deputy**: Wally Adeyemo
- **term start**: January 26, 2021
- **term end**: January 20, 2025
- **predecessor**: Steven Mnuchin
- **successor**: Scott Bessent
- **office1**: 15th Chair of the Federal Reserve
- **president1**: Barack Obama
Donald Trump
- **deputy1**: Stanley Fischer
- **term start1**: February 3, 2014
- **term end1**: February 3, 2018
- **predecessor1**: Ben Bernanke
- **successor1**: Jerome Powell
- **office2**: 19th Vice Chair of the Federal Reserve
- **president2**: Barack Obama
- **term start2**: October 4, 2010
- **term end2**: February 3, 2014
- **predecessor2**: Donald Kohn
- **successor2**: Stanley Fischer
- **office3**: Member of the Federal Reserve Board of Governors
- **president3**: Barack Obama
Donald Trump
- **term start3**: October 4, 2010
- **term end3**: February 3, 2018
- **predecessor3**: Mark W. Olson
- **successor3**: Lisa D. Cook
- **president4**: Bill Clinton
- **term start4**: August 12, 1994
- **term end4**: February 17, 1997
- **predecessor4**: Wayne Angell
- **successor4**: Edward Gramlich
- **office5**: 11th Federal Reserve Bank of San Francisco#Governors and presidents, President of the Federal Reserve Bank of San Francisco
- **term start5**: June 14, 2004
- **term end5**: October 4, 2010
- **predecessor5**: Robert T. Parry
- **successor5**: John C. Williams (economist), John C. Williams
- **office6**: 18th Council of Economic Advisers#Chairs, Chair of the Council of Economic Advisers
- **president6**: Bill Clinton
- **term start6**: February 18, 1997
- **term end6**: August 3, 1999
- **predecessor6**: Joseph Stiglitz
- **successor6**: Martin Neil Baily
- **birth name**: Janet Louise Yellen
- **birth place**: Brooklyn, New York City, U.S.
- **party**: Democratic Party (United States), Democratic
- **children**: 1
- **education**: Brown University (Bachelor of Arts, BA)
Yale University (Master of Arts, MA, Doctor of Philosophy, PhD)
- **signature**: Janet Yellen signature.png