Janet Louise Yellen (born August 13, 1946) is an American economist and professor, who is the Vice Chairman of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley‘s Haas School of Business.
Larry Summers Looks Set To Pip Janet Yellen At The Post To Take Over From Ben Bernanke As Head Of The US Fed
For a long time it looked that Yellen, vice-chairman of the Fed, would be taking a short walk across the corridor to replace Bernanke when he steps down next year. However it now appears that informed sources in Washington and pointing at former Treasury secretary, Larry Summers, as a dark horse candidate for the role.