Vol. 27, No. 1
First Quarter 2014
- ViewPoint Examines Housing Market, Banking Conditions
- Atlanta Fed Publishes 2013 Annual Report
- Fed Clarifies Stress Test Guidance
- Atlanta Fed Economist Examines Financial Innovation
- Fed Governor Tarullo Discusses Policy, Financial Stability
- Fed to Issue New Banking Report
- Fed Releases New Bank Loan Officer Survey
- Atlanta Fed President Discusses Economy in 2014
- Reserve Banks Transfer Money to U.S. Treasury
- Janet Yellen Becomes Federal Reserve Chair
- Atlanta Fed's Lockhart Sees U.S. Economy Firming in 2014
- Fed Governor Stein Addresses Traditional Banking's Strengths
- Fed Seeks Comments on Newly Proposed Limits
- Fed Chair Bernanke Looks Back at His Tenure
- Yellen Confirmed as Next Fed Chair
- New Payments Study
Janet Yellen Becomes Federal Reserve Chair
Federal Reserve Vice Chair Janet L. Yellen assumed the role of chair on February 1, succeeding Ben Bernanke, whose term began in February 2006. Yellen was appointed to a four-year term as Fed chair by President Barack Obama, and she was confirmed by the U.S. Senate on January 6.
Yellen is the first woman to chair the Board of Governors.
She took office as vice chair on October 4, 2010, for a four-year term. Yellen simultaneously began a 14-year term as a member of the Board of Governors that will expire in January 2024. Before her appointment as vice chair, Yellen served as president and chief executive officer of the Federal Reserve Bank of San Francisco. She is professor emeritus at the University of California at Berkeley, where she has been on the faculty since 1980.
Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms, and implications of unemployment.
When President Obama appointed Yellen last October, Bernanke said, "President Obama has made an outstanding choice in nominating my colleague and friend Janet Yellen to chair the Federal Reserve Board. Janet is exceptionally well qualified for the position, with stellar academic credentials and a strong record as a leader and a policymaker."
February 3, 2014