![]() Yellen was born on August 13, 1946, to a family of Polish Jewish ancestry in the Bay Ridge, Brooklyn, neighborhood of New York City, and grew up there. Senate on January 25, 2021, and took office the next day. On November 30, 2020, then-President-elect Joe Biden nominated Yellen to serve as secretary of the treasury she was confirmed by the U.S. Following her resignation from the Federal Reserve, Yellen joined the Brookings Institution as a distinguished fellow in residence from 2018 until 2020, when she again went into public service. She was succeeded by Jerome Powell after President Donald Trump declined to renominate her for a second term. Afterward, President Barack Obama chose her to replace Donald Kohn as vice chair of the Federal Reserve from 2010 to 2014 before nominating her to succeed Ben Bernanke as chair of the Federal Reserve three years later. She subsequently returned to academia before being appointed president and chief executive officer of the Federal Reserve Bank of San Francisco from 2004 until 2010. Yellen served as a member of the Federal Reserve Board of Governors from 1994 to 1997 and was nominated to the position by President Bill Clinton, who then named her chair of the Council of Economic Advisers from 1997 to 1999. Trefethen Professor of Business Administration and Professor of Economics. Yellen is professor emeritus at the Haas School of Business and the University of California, Berkeley, where she has been a faculty member since 1980 and became the Eugene E. ![]() She taught as an assistant professor at Harvard University from 1971 to 1976, was a staff economist for the Federal Reserve Board from 1977 to 1978, and was a faculty member at the London School of Economics from 1978 to 1980. ![]() in economics from Yale University in 1971. She is the first person to hold those positions having also led the White House Council of Economic Advisers and the first woman to hold either post.īorn and raised in Bay Ridge, Brooklyn, Yellen graduated from Brown University in 1967 and earned a Ph.D. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. Janet Louise Yellen (born August 13, 1946) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. Member of the Federal Reserve Board of Governorsġ1th President of the Federal Reserve Bank of San Franciscoġ8th Chair of the Council of Economic Advisers
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