Inauguration time: 2065438+February 3, 2004, Yellen was formally sworn in.
Brief introduction: janet yellen, female, was born in Brooklyn, new york, USA on August 3rd, 1946. She holds a bachelor's degree in economics from Brown University, a doctor's degree in economics from Yale University, an American Jewish economist and professor of economics, an honorary professor at Haas School of Business, University of California, Berkeley, and the18th chairman of the US President's Council of Economic Advisers, nominated by former US President Bill Clinton. He was awarded the Outstanding Teaching Award twice by Haas School of Business at the University of California, Berkeley. He used to be the vice chairman of the board of directors of the Federal Reserve (term: 20101October 4-2013101October 4). The current chairman of the board of directors of the Federal Reserve became the first female head of the Federal Reserve in its 100-year history and also became the first female head of the Federal Reserve. The first chairman of the Democratic Party since Paul Volcker in 1980s.
Role experience:
Janet yellen was born in Brooklyn, new york, USA, and graduated from Fort Hamilton High School in ilych, Brooklyn.
1967 obtained a bachelor's degree in economics from Brown University with honors;
197 1 received a doctorate in economics from Yale university.
197 1 to 1976, Assistant Professor, Yale University;
1977 to 1978, as an economist on the board of directors of the Federal Reserve;
1978 to 1980 Lecturer, London School of Economics and Political Science;
1980–1982, Haas School of Business, University of California, Berkeley;
From 65438 to 0980, janet yellen was engaged in research work at Haas School of Business, University of California, Berkeley, and taught macroeconomics to full-time and part-time MBA students. He has served as an assistant professor, associate professor and professor, and is now an honorary professor of the college.
1994- 1997 as a member of the board of directors of the Federal Reserve (nominated by former US President Bill Clinton);
1997- 1999 served as chairman of the Council of Economic Advisers of the President of the United States and chairman of the Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD).
On June 4th, 2004, he became the president of federal reserve bank of san francisco, and in 2009, he became a member of the Federal Open Market Committee.
20 10 on April 28th, then US President Barack Obama nominated janet yellen to replace Donald cohen as the vice chairman of the Federal Reserve Board. 20 10 in July, the banking, housing and urban affairs Committee of the United States Senate voted 17 to 6 to confirm janet yellen as the vice chairman.
On October 4th, 20/kloc-0, 65438/kloc-0, Yellen was sworn in as the vice-chairman of the board of directors of the US Federal Reserve, with a term of four years, ending on October 4th, 20/kloc-0, 65438/kloc-0. At the same time, janet yellen began her term as a member of the board of directors of the Federal Reserve in 14 and will end in 2024 1 year.
20 13, 101October 9, US President Barack Obama nominated janet yellen, the current vice chairman of the Federal Reserve, to succeed Bernanke as the next chairman of the Federal Reserve.
2014 65438+1On October 6th, the Senate passed the nomination of Yellen by 56 votes to 26 votes. [ 1]?
On February 3, 20 14, Yellen was formally sworn in.
Main academic achievements:
1997 won the Wilbur cross of Yale university;
1998 received an honorary doctorate in law from Brown University;
In 2000, he received an honorary doctorate in humanities and literature from Bader College;
From 65438 to 0980, Yellen worked in Haas School of Business at the University of California, Berkeley. He is now an honorary professor of the school and has won the excellent teaching award of the school twice.
Yellen is a member of the American Academy of Arts and Sciences. She was the vice president of the American Western Economic Association, the vice president of the American Economic Association, and a member of the board of directors of Yale University. Yellen has many research works on macroeconomics, mainly focusing on the causes, mechanisms and effects of unemployment. He is the author of Unemployment and Labor Market, Monetary and Fiscal Policy and International Trade and Investment Policy.
research paper
The Mythical Decade: Macroeconomic Recession
Ons from The 1990 (edited with Allen Blind), Century Foundation Press, new york, 200 1. ISBN 0-87078-467-6[5]？
Amazing ten years:1macroeconomic experience and lessons in the 1990s. Trans. Ba Shusong Bai Haifeng, Law Press, August 20 14.
Role family
Yellen's husband is george akerlof, winner of the 200 1 Nobel Prize in Economics and honorary professor of the University of California, Berkeley. George still teaches at the University of California, Berkeley. His son, Robert akerlof, is now pursuing a postdoctoral course in applied economics at the Si Long School of Business at the Massachusetts Institute of Technology.
Personality assessment
2065 438+05- 10, Bloomberg Market, an American financial magazine, announced the 50 most influential people in the fifth Global Finance, with Federal Reserve Chairman Yellen ranking first.
Policy stance
After the financial crisis, even if the American economy began to recover, Yellen believed that the high unemployment rate in the United States would continue to exist, making the economic growth rate lower than the potential growth rate, and the deflation risk facing the economy was greater than the inflation risk. Yellen refuted the view that fiscal deficit will inevitably lead to high inflation, and defended the coordination of loose fiscal policy and monetary policy. Therefore, even if 20 1 1 the United States faces inflationary pressure, Yellen and other Fed doves insist on "keeping interest rates at a record low for a period of time".
Speech by janet yellen
On the exchange rate issue, Yellen insinuated and criticized China's rigid exchange rate policy, which was considered as one of the main reasons leading to the financial crisis in 2007. She holds a neutral view of the US dollar exchange rate, and thinks that the impact of the US dollar exchange rate on the economy has two sides, and it is necessary to avoid excessive fluctuations of the US dollar exchange rate. Yellen clearly pointed out that "if you choose to peg to the US dollar, China will inevitably be affected by the inflation effect of US monetary policy."
"Pigeon" character
"Dove" is a "label" that Yellen is generally labeled by the outside world. Within the decision-making level of the Federal Reserve, the dispute between "hawks" and "doves" has a long history. The core difference between the two factions lies in their attitudes towards fighting inflation and ensuring employment. "Hawks" oppose inflation, while "doves" are more worried about weak job market and weak economic growth.