The new head of the U. S. Federal Reserve, Janet Yellen, was sworn in Monday in Washington, D.C.
The Fed is responsible for keeping prices stable and unemployment under control.
Some economists say Yellen’s approach is likely to be similar to that of former chairman Ben Bernanke, who pushed interest rates to historic lows as one part of the effort to pull the economy out of a slump.
Bernanke has joined the Brookings Institution, a group of scholars in Washington who study public economic, political, and strategic issues. Bernanke was a Princeton University economics professor before joining the Fed.
- Vice Chair of the Board of Governors of the Federal Reserve System since 2010
- Served as President and CEO of the 12th District Federal Reserve Bank, San Francisco
- Professor Emeritus at the University of California at Berkeley
- Member of Council on Foreign Relations and American Academy of Arts and Sciences
- Received Ph.D. in Economics from Yale University in 1971