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A Few More Words about Janet Yellen

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Posted in Contemporary economics, US politics Tagged with: , ,

Janet Yellen stepped down last week after twenty-one years of government service, first as a staff economist for the Board of Governors (1977-78) of the Federal Reserve, then as a governor herself (1994-97), Chair of the President’s Council of Economic Advisers (1997-99), President of the Federal Reserve Bank of San Franciso (2004-10), and, since 2010, Vice Chair and Chair of the Board of Governors. She will become a fellow of the Brookings Institution. I don’t think enough has been said about the magnitude of her achievement. I don’t mean her leadership of monetary policy these last four years, though that