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Janet Yellen

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Janet Yellen

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Also known as Janet Louise Yellen, Janet L. Yellen, Janet L Yellen

78th United States Secretary of the Treasury

AI overview

Janet Yellen is the 78th Secretary of the Treasury, the top financial official in the U.S. government responsible for managing federal finances and economic policy. This position matters because the Treasury Secretary advises the President on economic matters and oversees key decisions affecting the nation's money, taxes, and financial stability.

AI-generated from the Wikipedia summary — may contain errors.

Person · Open Library

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Film & TV

Acting

Known for

  • The Late Show with Stephen Colbert2015
  • The Late Show with Stephen Colbert — Self2015

via TMDB

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Quotes

  • It is imperative that Congress swiftly addresses the debt limit
  • [Failing to act could spark an economic catastrophe] Nearly 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays.
  • In a matter of days, millions of Americans could be strapped for cash.”
  • So, it is not reporting of individual transactions or anything of the like. And it would be a simple thing for banks and other payment providers to provide along with the other information they’re already providing.
  • The Fed has a dual mandate and it is maximum employment and price stability. I think that’s the way it’s phrased in the law
  • Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.

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~40 min read

Encyclopedic overview

Janet Louise Yellen (born August 13, 1946) is an American economist who served as the 78th United States secretary of the treasury from 2021 to 2025 and as chair of the Federal Reserve from 2014 to 2018. She was the first woman to hold either position, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley.

Born and raised in Bay Ridge, Brooklyn, Yellen graduated from Brown University in 1967 and earned a Ph.D. in economics from Yale University in 1971. 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. Yellen is professor emeritus at the Haas School of Business at the University of California, Berkeley, where she has been a faculty member since 1980 and became the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Professor of Economics.

Excerpted from Wikipedia’s “Janet Yellen” article, available under the CC BY-SA 4.0 licence.

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