Meet the new Fed Chair!

January 27, 2013  

Janet Yellen is confirmed to be the next Fed Chair

via The White House, Office of the Press Secretary
Audience: Secondary, Post-secondary, General Public

2014-01-27 Fed"With the bipartisan confirmation of Janet Yellen as the next Chair of the Federal Reserve, the American people will have a fierce champion who understands that the ultimate goal of economic and financial policymaking is to improve the lives, jobs and standard of living of American workers and their families. As one of our nation’s most respected economists and a leading voice at the Fed for more than a decade – and Vice Chair for the past three years – Janet helped pull our economy out of recession and put us on the path of steady growth..."  Read the full press statement here.
Image source: iStockPhoto

Play the Fed Chairman Game!

via the SF Fed
Audience: Secondary, Post-Secondary, General Public

2014-01-27 FCGSo, you want to be in charge of monetary policy at our country’s central bank? See how it works by taking charge of a simulated economy.  You can also learn more about how the Fed influences the U.S. economy through our monetary policy media center.  Play the game now.


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Image source: iStockPhoto


Get to know the new Fed Chair

via and the New York Times
Audience: Secondary, Post-secondary, General Public

2014-01-27 Yellen mainstream 2Janet Yellen has long been an influential voice in economic in monetary affairs.

Get to know her by reading a brief profile on, and then introduce her to your students with the New York Times' interactive timeline: "Yellen's Path to the Pinnacle."
Image source: AP Photo

How does the Fed Chair role relate to the greater Federal Reserve System?

via the SF Fed
Audience: Secondary, Post-Secondary, General Public

2014-01-27 WIF structureAt the center of the Federal Reserve structure is the Board of Governors in Washington, D.C. The seven-member Board and its staff constitute an independent government agency charged with overseeing the Federal Reserve System.

Board members are appointed by the President and confirmed by the Senate, serving staggered 14-year terms that expire in every even-numbered year. Board members are appointed for long terms in order to shield them from political pressures.

The President designates a chairman and vice chairman of the Board, each of whom serve four-year terms. These appointments are subject to Senate approval and may be renewed. Read more.

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