Colorado Springs News, Sports & Business

Janet Yellen, next Fed chairman, at a glance

Associated Press Updated: January 7, 2014 at 12:15 am

NAME — Janet L. Yellen

AGE-BIRTHPLACE — 67; Brooklyn, N.Y.

EXPERIENCE — Vice chair, Federal Reserve, 2010-present; president, Federal Reserve Bank of San Francisco, 2004-10; chair, White House Council of Economic Advisers, 1997-99; member, Federal Reserve Board of Governors, 1994-97; faculty member, University of California, Berkeley, 1980-94 (on leave); lecturer at London School of Economics and Political Science, 1978-80; economist, Federal Reserve, 1977-78; assistant professor at Harvard University, 1971-76.

EDUCATION — Bachelor's degree in economics from Brown University, 1967; doctorate in economics from Yale University, 1971.

FAMILY — Husband, George A. Akerlof, Nobel laureate in economics (2001) and Berkeley professor; a son, Robert Akerlof.

QUOTE — "The Federal Reserve is using its monetary policy tools to promote a more robust recovery. A strong recovery will ultimately enable the Fed to reduce its monetary accommodations and reliance on unconventional policy tools such as asset purchases." Remarks at her confirmation hearing before the Senate Banking Committee on Nov. 14, 2013.

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