Janet Yellen is an American economist and public servant known for her leadership across multiple key economic institutions, including her roles as Chair of the Federal Reserve and Secretary of the Treasury.
Janet Yellen was named to Pimco's global advisory board after serving as Treasury Secretary and Chair of the Federal Reserve.
Former Treasury Secretary Janet Yellen joined an advisory board for bond giant Pimco.
Janet Yellen joined the board of advisors for Angeleno Group, a private equity and venture capital firm focused on sustainable energy investments.
Janet Louise Yellen was born on August 13, 1946, in Bay Ridge, Brooklyn, New York City. She graduated summa cum laude from Brown University with a degree in economics in 1967 and earned her Ph.D. in economics from Yale University in 1971. Her academic career began as an assistant professor at Harvard University from 1971 to 1976. After a period as an economist for the Board of Governors from 1977 to 1978 and a faculty member at the London School of Economics, she became a professor at the University of California at Berkeley in 1980, where she was later named the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics. Her early work focused on macroeconomics and labor markets, specifically the causes and mechanisms of unemployment.
Yellen’s extensive public service career began with her appointment to the Federal Reserve Board of Governors in 1994 by President Bill Clinton, serving until 1997. She then chaired the Council of Economic Advisers from 1997 to 1999, also leading the Economic Policy Committee of the Organization for Economic Cooperation and Development during this time. Returning to the Federal Reserve System, she held the position of President and Chief Executive Officer of the Federal Reserve Bank of San Francisco from 2004 to 2010. This was followed by a term as Vice Chair of the Board of Governors from 2010 to 2014, playing a significant role in guiding monetary policy during the post-financial crisis recovery.
In 2014, Janet Yellen made history as the first woman to be appointed Chair of the Federal Reserve, a position she held until 2018. During her tenure, she oversaw a period of significant economic recovery, with the unemployment rate falling from 6.7% to 4.1%. Following her time at the Fed, she joined the Brookings Institution as a distinguished fellow. In 2021, she once again made history by becoming the first female United States Secretary of the Treasury under President Joe Biden, where she has championed policies addressing global corporate tax, debt ceiling crises, and digital asset regulation, and has been a central figure in shaping the administration’s economic approach.
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