Janet Yellen ’67 nominated as next Fed chair

Barack Obama, Janet Yellen, Ben Bernanke

This afternoon, President Obama nominated Janet Yellen to be the next chairperson of the Federal Reserve. Indeed, you probably already heard–this is big news in its own right. Yellen (if her nomination is approved) would be the first Fed chairwoman, and her appointment marks the end of Ben Bernanke’s eight-year tenure. What you probably haven’t heard is that Yellen is a member of the Brown University class of 1967.

The nature of our school could probably point you towards a few of her political beliefs–she’s a Democrat, and thus a proponent of a strong Fed stimulus program. After leaving Brown with a degree in economics, she headed to Yale to get her Ph.D. in–you’ll never guess–economics. Her extremely successful career in education and government reached new heights when President Obama nominated her as Vice Chairwoman of the Fed.

This Wednesday, the big promotion finally came. Brown should be proud to have such an accomplished, intelligent woman in our ranks. Here’s to hoping her appointment goes smoothly. Once she’s in office, she’ll need all the luck she can get.

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