- Created on Saturday, 19 October 2013 10:45
- Written by IVN
Washington, D.C. - U.S. Senator Barbara Boxer (D-CA) praised President Obama for selecting Federal Reserve Vice Chair Janet Yellen as the next chair of the Federal Reserve. If confirmed, she would be the first woman to lead the U.S. central bank.
“In these challenging times, Janet Yellen brings the right experience, the right perspective, the right temperament and the right judgment to this critical position, and she deserves to be swiftly confirmed,” Senator Boxer said. “I applaud President Obama for making this historic choice.”
Yellen previously served as the President of the Federal Reserve Bank of San Francisco and chaired the Council of Economic Advisers under President Clinton. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development (OECD) and has served on the faculty of Harvard University, the London School of Economics and the University of California at Berkeley.
She served as a member of the Federal Reserve’s Board of Governors from 1994 to 1997, and was an economist for the Federal Reserve from 1977 to 1978.