Thursday, Apr 24th

Last update04:47:10 PM GMT

You are here News Domestic (USA) Yellen sworn in as Fed chair, first woman to lead central bank in 100-year history

Yellen sworn in as Fed chair, first woman to lead central bank in 100-year history

E-mail Print PDF

Janet YellinJanet Yellen was sworn in as the first women to lead the Federal Reserve board of governors Monday morning, taking the post of chairwoman at a critical moment as the central bank debates how quickly to taper its expansionary monetary policies.

Yellen took the chairwomanship early Monday in an oath administered by Governor Daniel K. Tarullo, the Fed said in a statement, nearly four months after President Obama announced his intention to nominate Yellen for the post, and a month after the Senate confirmed her on Jan. 6. She takes the post from Ben Bernanke.

The former Berkeley professor is widely seen as a more compassionate Federal Reserve chair than the technocratic leaders the Fed has traditionally been led by, especially in light of her long academic record of focusing on the human impact of unemployment.

Yell described her background in an exclusive interview with TIME in January. ”My father was a family doctor, and both he and my mother lived through the Depression,”she said. “I came to understand the effect that unemployment could have on people in human terms.”


Most Recent Related Stories...

Georgia governor signs broad gun rights expansion

Atlanta gun lawGov. Nathan Deal signed legislation today that would vastly expand where Georgians can legally carry firearms,...

An Arizona tribe seeks justice for victims of domestic violence

Arizona tribe domestic violenceFor many of the women on the Pascua Yaqui reservation, life before the reauthorization of the...

KKK group to launch neighborhood watch in Pa. township

KKKA Pennsylvania chapter of the Ku Klux Klan plans to launch a neighborhood watch program in...

Gun checks miss millions of fugitives

gun checks miss fugitivesMillions of fugitives can pass undetected through federal background checks and buy guns illegally because police...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!