Janet Yellen

Janet Yellen served as President of the Federal Reserve Bank of San Francisco, Federal Reserve Vice Chair, and Federal Reserve Chair from 2014 to 2018, where she completed the tightening cycle initiated after the 2008 crisis recovery. She is known for her dovish leanings and emphasis on the employment side of the Fed's dual mandate. After leaving the Fed, she served as Chair of the Brookings Institution's Hutchins Center. In 2021, she became US Treasury Secretary under President Biden, overseeing the implementation of the American Rescue Plan and subsequent COVID relief measures. She championed the Global Minimum Corporate Tax agreement at the OECD, a significant achievement in international tax coordination. Before the Fed, she taught economics at Berkeley's Haas School of Business and chaired the Council of Economic Advisers under President Clinton. Her academic research focused on labor markets and efficiency wage theory. She became the first woman to serve as both Fed Chair and Treasury Secretary in US history, representing a remarkable career spanning academia, the Fed system, and Cabinet-level policymaking.