Janet Yellen

Janet Yellen has served as both the Chair of the Federal Reserve and the United States Secretary of the Treasury. She was the first woman to hold either of those positions. She took over the Treasury Department in 2021 under President Joe Biden after serving as Fed Chair from 2014 to 2018.

Janet Yellen became the first woman to serve as the Chair of the Board of Governors of the Federal Reserve System in 2014. She was nominated by President Barack Obama and served one four-year term. Prior to this, she served as the Vice Chair of the Federal Reserve Board.

Janet Yellen's academic research has heavily focused on labor markets, unemployment, and macroeconomic stabilization. Her work often examines the underlying causes of structural unemployment and how institutions impact worker well-being. She has been a prominent advocate for using monetary policy to maximize employment alongside controlling inflation.

In the Biden administration, Janet Yellen serves as the 78th United States Secretary of the Treasury. She was sworn into this role in January 2021, making her the first woman to lead the department in its 232-year history. Her tenure has focused on global economic recovery and implementing the Inflation Reduction Act.