biographical facts

Janet Yellen biography: 13 things about 78th U.S. secretary of the treasury

Janet Louise Yellen is a Keynesian economist from a Polish Jewish family. Her father Julius Yellen was a family physician while her mother Anna Ruth Blumenthal Yellen was an elementary school teacher.

Janet is a mother of one. Here are 13 more things about her:

  1. She was born and raised in Bay Ridge, Brooklyn, New York. She is the younger sister of Dr. John Yellen. (a) (b)
  2. In 1962, she graduated from Fort Hamilton High School in Brooklyn as the class valedictorian. (a)
  3. In 1967, she graduated summa cum laude from Pembroke College in Brown University  in Providence, Rhode Island, USA with a bachelor’s degree in economics. In 1998, she received an honorary doctor of laws degree from the university. (c)
  4. In 1971, she earned her Ph.D. in economics from Yale University in New Haven, Connecticut, USA where she met Ted Truman. In 1997, she received the Wilbur Cross Medal from the university. (c)
  5. From 1971 to 1976, she was an assistant professor of economics at Harvard University in Cambridge, Massachusetts, USA. (c)
  6. In 1977, Truman recruited her to become an economist with the Federal Reserve Board of Governors where she met George A. Akerlof. In 1978, she and Akerlof got married and taught at the London School of Economics(a) (c) 
  7. In 1980, she went back to the U.S. and joined the faculty at the University of California, Berkeley in Berkeley, California, USA to conduct macroeconomics research and teach MBA and undergraduate students. She became professor emeritus at the university. (c)
  8. Appointed by Bill Clinton, she was a member of the Federal Reserve Board of Governors from August 12, 1994 to February 17, 1997. She was a member again from October 4, 2010 to February 3, 2018. (c)
  9. From February 18, 1997 to August 3, 1999, she served as the 18th chair of the Council of Economics Advisers. In 2000, she received an honorary doctor of humane letters from Bard College. (c)
  10. From June 14, 2004 to October 4, 2010, she served as the 11th president and chief executive officer of the Federal Reserve Bank of San Francisco. She was the first woman to hold both positions. She served as the 19th vice chair of the Federal Reserve from October 4, 2010 to February 3, 2014. (c)
  11. As of her financial disclosure report for 2012, she and Akerlof held between $4 million and $13 million in assets. (d)
  12. Nominated by Obama, she served as the 15th chair of the Federal Reserve from February 3, 2014 to February 3, 2018, making her the first woman to hold the position. (e) 
  13. In January 2015, she received the Elizabeth Blackwell Award from Hobart and William Smith Colleges in Geneva, New York. (b) 
  14. Nominated by 46th U.S. president Joe Biden, she was confirmed as the 78th U.S. secretary of the treasury on January 25, 2021, making her the first woman to hold the position. (f) 

 

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