Tuesday 7 January 2014

CCTV Backgrounder: New U.S. Fed head's policy, academic record

Still the Fed's vice chair until February, Janet Yellen is seen as a dove in US monetary policy, with an extensive policymaking experience.
Before her appointment as Fed vice chair in 2010, Yellen was actively involved in U.S. monetary policymaking as the president of the San Francisco Federal Reserve Bank, from 2004 to 2010. She also served as governor on the Fed's board from 1994 to 1997.
In addition, she chaired President Bill Clinton's Council of Economic Advisers from 1997 to 1999. An economist with a PhD from Yale, she has taught economics at the University of California, Berkeley, Harvard University and the London School of Economics. She is married to Nobel Prize-winning economist George Akerlof.
Source:  CCTV

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