FYI: Janet Yellen made history as the first woman to chair the Federal Reserve Board — a position that has been called “the second most powerful person in government” and the peak of a nearly 17-year career at the institution. As the president of the San Francisco Fed, she was one of the first to spot the decay in the housing market that was ultimately revealed to be at the root of the financial crisis. During her tenure, which received high marks from many economists, the economy grew and unemployment fell; she was also criticized for lackluster wage growth and not being as strong at politics as some previous Fed chairs. She has been described as a feminist hero and a “pop culture phenomenon.”
And while Yellen may have lost her job when President Trump declined to re-appoint her to a second term, the 72-year-old is nowhere close to retiring. She currently serves as a distinguished fellow in residence at the Brookings Institution and is the incoming president-elect of the American Economic Association.
Regards,
Ted
https://www.marketplace.org/2019/02/25/economy/janet-yellen
