Janet Yellen

The Economist Janet Louise Yellen graduated from Brown University in 1967 with a degree in economics, and in 1971 received her Ph.D. in Economics from Yale. After teaching at Harvard, she went to work for the Federal Reserve. Since 1980 Yellen has been a faculty member at the University of California at Berkeley. She has served on multiple committees including the Economic Policy Committee of the Organization for Economic Cooperation and Development. She served as president and chief executive officer of the Federal Reserve Bank of San Francisco, in which she was able to forecast the housing crisis of 2008, and vice chair of the Board of Governors. In February 2014, she was appointed to a four-year term in office as chair of the Board of Governors of the Federal Reserve System, making her the first woman to serve this position.

            As chair on the Federal Reserve she must help guide the central bank’s monetary policy; in addition, being the spokesperson for the Federal Reserve makes her the country’s economic expert. She has the ability to influence the stock market, value of the dollar, and interest rates. Normally the Fed Chair serves eight or more years even though the term is four. This benefits the economy because these economic tools move slowly and need constant management. Yellen’s ability to indict real threats to the economy and forecast future ones makes her a great leader. Yellen specializes in the causes, mechanisms, and implications of unemployment. This may not be related to economics of a business organization, but the organization of the government and the way the economy is controlled is a highly complex and sensitive organization. Yellen has the ability to affect the value of everything in this country that has value.  

https://upload.wikimedia.org/wikipedia/commons/thumb/f/f4/Janet_Yellen_official_Federal_Reserve_portrait.jpg/220px-Janet_Yellen_official_Federal_Reserve_portrait.jpg

https://www.federalreservehistory.org/people/janet_l_yellen

https://www.thebalance.com/janet-yellen-3305503

https://www.biography.com/people/janet-yellen-21362135

https://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm