Janet Yellen sworn in as leader of Federal Reserve

By Alejandro Freixes, CCNN Head Writer

Bernanke
Ben Bernanke leaves the Federal Reserve after 8 years as Chairman.

Janet Yellen officially took over the Federal Reserve this week, as the first ever female Chair to run America’s central bank. Even in the face of such a historic achievement, she downplays it all in her usual humble manner. Then again, Yellen’s always kept a low profile, letting her work speak for itself. That calm determination is why she’s broken through quite a few gender barriers.

For instance, she was the only woman in her PhD class at Yale University, where she earned an advanced degree in economics (the study of money) in 1971. Yellen then landed a junior position in Harvard University’s department of economics, where she was just one of two women on the faculty. In 1977, she joined the Federal Reserve and by 1980, she started a long and successful career at UC Berkeley’s school of business.

Once 1998 rolled around, Yellen became the head of the White House’s Council of Economic Advisers under Bill President Clinton. Over the next decade, she working her way up the ranks of the Federal Reserve, becoming Vice-chair. Now that she’s the Chairperson, Yellen is one of the most powerful women in the world, influencing America’s wealth through its central bank.

On February 11, Yellen will appear before a committee of Congress to answer questions about her solutions for America’s troubled economy.

Images courtesy of Federal Reserve Twitter.