History of Janet Yellen in Timeline

Janet Louise Yellen is an American economist notable for her groundbreaking roles as the first woman to chair the Federal Reserve (2014-2018) and serve as United States Secretary of the Treasury (2021-2025). Her career includes leading the White House Council of Economic Advisers. Currently, she is a professor at the University of California, Berkeley, contributing significantly to economic thought and policy.

Sections (4)

Full Timeline Early Life & Education Career & Achievements Success & Recognition

1906: Julius Yellen's birth

In 1906, Julius Yellen, Janet Yellen's father, was born. He later became a family physician.

1907: Anna Ruth Blumenthal's birth

In 1907, Anna Ruth Blumenthal, Janet Yellen's mother, was born. She later became an elementary school teacher before becoming a stay-at-home mother.

1934: Comparison to Marriner S. Eccles

In 1934, Marriner S. Eccles was appointed by President Franklin D. Roosevelt amidst the Great Depression. Janet Yellen has been described as the most liberal Federal Reserve leader since Eccles.

1942: Birth of John Yellen

In 1942, Janet Yellen's older brother, John Yellen, was born. He later became a program director for archaeology at the National Science Foundation.

August 13, 1946: Janet Yellen's birth

On August 13, 1946, Janet Louise Yellen was born. She later became an American economist and public servant.

1963: Graduation as Valedictorian

In 1963, Janet Yellen graduated as the valedictorian of her class at Fort Hamilton High School.

1963: Equal Pay Act Mentioned

In June 1998, while at the Council of Economic Advisers, a report was released stating that while the Equal Pay Act of 1963 was a step forward, there was no explanation for a 25-percent difference between average pay for women and men.

1964: Joins The Brown Daily Herald

In the spring of 1964, Janet Yellen joined the business staff of The Brown Daily Herald, but soon afterward she left the paper to focus on her academic studies.

1967: Graduation from Brown University

In 1967, Janet Yellen graduated from Brown University.

1969: Gender Wage Gap Analyzed

In June 1998, the Council of Economic Advisers analyzed data from 1969 to 1996 to determine the reasons why women earn substantially less than men.

1970: Yellen Completed Time

Janet Yellen completed her time at the Fed with the lowest final unemployment rate of any Fed chair since William McChesney Martin in 1970.

1971: Assistant Professor at Harvard University

In 1971, Janet Yellen became an assistant professor of economics at Harvard University.

1971: Ph.D. in Economics from Yale University

In 1971, Janet Yellen earned a Ph.D. in economics from Yale University.

1971: Earns Ph.D. from Yale University

In 1971, Janet Yellen earned her master's and PhD in economics from Yale University.

1975: Death of Julius Yellen

In 1975, Janet Yellen's father, Julius Yellen, who was a family physician, passed away.

1976: End of Harvard Assistant Professorship

In 1976, Janet Yellen's time as an assistant professor at Harvard University concluded.

1976: Leaves Harvard University

In 1976, Janet Yellen's time as an assistant professor at Harvard University ended.

1977: Staff Economist for the Federal Reserve Board

In 1977, Janet Yellen became a staff economist for the Federal Reserve Board.

1977: Joins Federal Reserve's Board of Governors

In 1977, Janet Yellen joined the Federal Reserve's Board of Governors as a staff economist.

1977: Meeting George Akerlof

In the fall of 1977, Janet Yellen met George Akerlof, who would later become her husband, at an event. They became engaged in December of that year.

1977: Yellen Served as Staff Economist

Janet Yellen became the first person in U.S. central bank history to have served as staff economist from 1977-1978.

June 1978: Marriage to George Akerlof

In June 1978, Janet Yellen married George Akerlof, an economist and Nobel laureate, after meeting in the fall of 1977 and becoming engaged that December.

1978: Faculty Member at the London School of Economics

In 1978, Janet Yellen became a faculty member at the London School of Economics.

1978: Marriage to George Akerlof

In 1978, Janet Yellen married economist George Akerlof after meeting him at the Federal Reserve.

1978: Yellen Served as Staff Economist

Janet Yellen became the first person in U.S. central bank history to have served as staff economist from 1977-1978.

1978: G. William Miller Chief

Yellen's departure makes her the briefest-serving central bank chief since G. William Miller, who held that office for over a year, from 1978 to 1979.

1979: Volcker Assumed Position in 1979

Janet Yellen was the first Democrat to become chair since Paul Volcker assumed that position in 1979 via President Jimmy Carter.

1979: G. William Miller Chief

Yellen's departure makes her the briefest-serving central bank chief since G. William Miller, who held that office for over a year, from 1978 to 1979.

1980: Faculty Member at UC Berkeley

In 1980, Janet Yellen became a faculty member at the Haas School of Business at the University of California, Berkeley.

1980: Joins Faculty at UC Berkeley

In 1980, Janet Yellen joined the faculty of the University of California, Berkeley.

1980: First Democratic Appointees to the Board since 1980

In 1980, Janet Yellen, alongside Alan Blinder, became the first Democratic appointees to the Board since 1980.

1981: Birth of son, Robert Akerlof

In 1981, Janet Yellen's son, Robert Akerlof, was born. He is also an economist.

1982: Earns Tenure at Berkeley-Haas

In 1982, Janet Yellen became just the second woman at Berkeley-Haas to earn tenure.

1985: Outstanding Teaching Award

In 1985, Janet Yellen earned the Haas School's outstanding teaching award.

1986: Death of Anna Ruth (Blumenthal) Yellen

In 1986, Janet Yellen's mother, Anna Ruth (Blumenthal) Yellen, passed away.

1988: Second Outstanding Teaching Award

In 1988, Janet Yellen earned the Haas School's outstanding teaching award for the second time.

1990: Publication of "The Fair-Wage Effort Hypothesis and Unemployment"

In 1990, Janet Yellen and George Akerlof's paper, "The Fair-Wage Effort Hypothesis and Unemployment", was published, coining "the fair wage effort hypothesis" and contributing significantly to efficiency wage theory.

1992: Named Professor of International Business and Trade

In 1992, Janet Yellen was named the Bernard T. Rocca Jr. Professor of International Business and Trade.

April 22, 1994: Nomination to the Federal Reserve Board of Governors

On April 22, 1994, President Bill Clinton announced his intention to nominate Janet Yellen as a member of the Federal Reserve Board of Governors.

July 1994: Confirmation Hearing Before the Senate Banking Committee

In July 1994, Janet Yellen's confirmation hearing before the Senate Banking Committee took place, during which she discussed Fed policies.

August 12, 1994: Appointed to the Federal Reserve Board of Governors

On August 12, 1994, Janet Yellen was appointed to a full 14-year term on the Federal Reserve Board of Governors.

1994: Appointment to the Federal Reserve Board of Governors

In 1994, Janet Yellen became a member of the Federal Reserve Board of Governors.

1994: Leaves Berkeley for Public Service

In 1994, Janet Yellen took a leave of absence from Berkeley to go into public service.

1994: Yellen Served as Fed Governor

Janet Yellen became the first person in U.S. central bank history to have served as Fed governor from 1994-1997.

July 1996: Resisting Pressure to Raise Interest Rates

In July 1996, Janet Yellen used academic research to dissuade Chairman Alan Greenspan and the Federal Reserve from a zero inflation policy, arguing for moderate inflation to reduce unemployment and increase economic growth.

December 20, 1996: Yellen Joins Clinton Administration

On December 20, 1996, Janet Yellen joined the Clinton administration as chair of President Clinton's Council of Economic Advisers (CEA), succeeding Joseph Stiglitz.

1996: Publication of "An Analysis of Out-of-Wedlock Childbearing in the United States"

In 1996, Janet Yellen co-authored "An Analysis of Out-of-Wedlock Childbearing in the United States" with George Akerlof and Michael Katz, exploring the rise of out-of-wedlock births and introducing the "reproductive technology shock" theory.

1996: Council of Economic Advisers Releases Report on Gender Wage Gap

In June 1998, while at the Council of Economic Advisers, Janet Yellen oversaw the release of a report titled "Explaining Trends in the Gender Wage Gap", which analyzed data from 1969 to 1996 and identified a 25-percent unexplained difference in average pay between women and men, attributing it to discrimination within the workforce.

February 13, 1997: Yellen Unanimously Confirmed by the Senate

On February 13, 1997, Janet Yellen was unanimously confirmed by the Senate, becoming the second woman to serve as chief economic advisor to the president after Laura Tyson.

February 17, 1997: Resignation from the Federal Reserve Board of Governors

On February 17, 1997, Janet Yellen resigned as a member of the Board of Governors of the Federal Reserve System upon her confirmation as chair of the Council of Economic Advisers.

1997: Chair of the Council of Economic Advisers

In 1997, Janet Yellen was named chair of the Council of Economic Advisers.

1997: Yellen Served as Fed Governor

Janet Yellen became the first person in U.S. central bank history to have served as Fed governor from 1994-1997 and 2010-2018.

June 1998: Council of Economic Advisers Releases Report on Gender Wage Gap

April 1999: Discussion on Keynesian economics at Yale

In April 1999, Janet Yellen discussed her views on applying Keynesian economics to policymaking at Yale's economics department reunion, emphasizing the recognition of market failures and the need for policies to remedy them.

June 1999: Yellen Steps Down from CEA

In June 1999, Janet Yellen announced that she was stepping down from the Council of Economic Advisers (CEA) for personal reasons and would return to teaching at UC Berkeley.

1999: Yellen Chaired OECD Economic Policy Committee

From 1997 to 1999, Janet Yellen concurrently chaired the OECD Economic Policy Committee while serving within the Clinton Administration.

1999: Research Associate at National Bureau of Economic Research

From 1999, Janet Yellen served as a research associate at the National Bureau of Economic Research.

1999: Returns to Academia and Receives Professorship

In 1999, Janet Yellen resumed her teaching assignment at Haas and received a joint appointment with Berkeley's Department of Economics. She was also appointed the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Professor of Economics.

1999: Return to Academia

In 1999, Janet Yellen returned to academia after serving as chair of the Council of Economic Advisers.

2001: George Akerlof's Nobel Prize

In 2001, Janet Yellen's husband, George Akerlof, received the Nobel Memorial Prize in Economic Sciences.

2003: Robert Akerlof graduates from Yale

In 2003, Janet Yellen's son, Robert Akerlof, graduated summa cum laude in economics and mathematics from Yale University.

April 12, 2004: Yellen to Head San Francisco Federal Reserve Bank

On April 12, 2004, it was announced that Janet Yellen would replace Robert T. Parry as president and CEO of the Federal Reserve Bank of San Francisco, effective June 14, becoming the first woman to hold the position.

2004: President and CEO of the Federal Reserve Bank of San Francisco

In 2004, Janet Yellen became the president and chief executive officer of the Federal Reserve Bank of San Francisco.

2004: Yellen Served as FRB President

Janet Yellen became the first person in U.S. central bank history to have served as district president from 2004-2010.

2005: Summers Sparks Controversy

Lawrence Summers sparked controversy in 2005 for remarks on women's aptitude in math and science while serving as Harvard University's president.

2006: Yellen First Voting Member

In 2006, Janet Yellen served as a voting member of the policy-setting Federal Open Market Committee (FOMC), her first time as a voting member.

2006: Professor Emeritus at UC Berkeley

In 2006, Janet Yellen was awarded the title of professor emeritus at UC Berkeley.

2006: Federal Reserve Increased Interest Rate

On December 16, 2015, the Federal Reserve, under Janet Yellen, increased its key interest rate for the first time since 2006.

2008: Views during the 2008 financial crisis

During the 2008 financial crisis, Janet Yellen warned against hastily removing stimulus, believing in the state's duty to tackle poverty and inequality.

2008: Yellen Addresses 2008 Financial Crisis

Following the 2016 presidential election, Yellen argued that it would be inappropriate to weaken or repeal the law designed to prevent a repeat of the 2008 financial crisis.

June 5, 2009: Yellen Advocates for Raising Interest Rates

On June 5, 2009, Janet Yellen stated that the Federal Reserve should consider raising interest rates earlier to prevent another housing bubble, arguing that higher short-term interest rates could restrain the demand for housing and high-risk mortgages.

July 2009: Yellen Considered as Potential Successor to Bernanke

In July 2009, Janet Yellen was mentioned as a potential successor to Chairman Ben Bernanke when his term was set to expire.

2009: Robert Akerlof earns Ph.D. from Harvard

In 2009, Janet Yellen's son, Robert Akerlof, earned his Ph.D. in economics from Harvard University.

March 2010: Yellen Leading Contender for Vice Chair of Federal Reserve Board

In March 2010, Janet Yellen emerged as the leading contender for vice chair of the Federal Reserve Board.

April 28, 2010: Obama Nominates Yellen as Vice Chair of the Federal Reserve

On April 28, 2010, President Barack Obama nominated Janet Yellen to succeed Donald Kohn as vice chair of the Federal Reserve.

July 2010: Senate Banking Committee Votes to Confirm Yellen

In July 2010, the Senate Banking Committee voted 17–6 to confirm Janet Yellen as vice chair of the Federal Reserve.

September 29, 2010: Yellen Confirmed by Senate as Vice Chairman of Federal Reserve

On September 29, 2010, Janet Yellen was confirmed by the Senate as both a member of the board of governors and vice chairman of the Federal Reserve System.

2010: Vice Chair of the Federal Reserve

In 2010, Janet Yellen became the Vice Chair of the Federal Reserve.

2010: End of Tenure at National Bureau of Economic Research

In 2010, Janet Yellen's tenure as research associate at the National Bureau of Economic Research concluded.

2010: Yellen Served as Federal Reserve Vice Chair

Janet Yellen became the first person in U.S. central bank history to have served as Federal Reserve vice chair from 2010-2014.

July 2013: Yellen Pushed to Be Named First Chairwoman of the Central Bank

In July 2013, Janet Yellen was pushed to be named the first chairwoman of the central bank in a letter that was circulated among the Senate Democrats and had been signed by almost a third of the 54 caucus senators, who primarily represent the liberal wing of the party.

October 9, 2013: Yellen Nominated to Replace Bernanke as Chair of Federal Reserve

On October 9, 2013, Janet Yellen was officially nominated to replace Ben Bernanke as chair of the Federal Reserve, becoming the first vice chair ever to be elevated to that post.

December 20, 2013: Senate Votes for Cloture on Yellen's Nomination

On December 20, 2013, the U.S. Senate voted 59–34 for cloture on Janet Yellen's nomination as chair of the Federal Reserve.

January 6, 2014: Yellen Confirmed as Chair of the Federal Reserve

On January 6, 2014, Janet Yellen was confirmed as chair of the Federal Reserve by a vote of 56–26.

February 3, 2014: Yellen Sworn in as Chair of the Federal Reserve

On February 3, 2014, Janet Yellen was sworn into office as chair of the Federal Reserve.

July 2014: Yellen Testifies on Monetary Policy

In July 2014, at her first semi-annual congressional testimony on U.S. monetary policy, Janet Yellen stated that real estate, equities, and corporate bond prices were generally in line with historical norms, while acknowledging concerns about lower-rated corporate debt.

2014: Yellen Becomes Chair of the Federal Reserve

In 2014, Janet Yellen became the Chair of the Federal Reserve, marking the first time a woman held the position.

2014: Yellen Served as Federal Reserve Chair

Janet Yellen became the first person in U.S. central bank history to have served as a Federal Reserve chair from 2014-2018.

December 16, 2015: Federal Reserve Increases Key Interest Rate

On December 16, 2015, the Federal Reserve, under Janet Yellen, increased its key interest rate for the first time since 2006.

2016: Yellen Defends Dodd-Frank Act

Following the 2016 presidential election, Janet Yellen gave a strong defense of the Dodd–Frank Act in her Joint Economic Committee testimony, opposing President Donald Trump's plans to review the legislation.

August 25, 2017: Yellen Supports Financial Regulations at Jackson Hole Symposium

On August 25, 2017, Janet Yellen provided further support for financial regulations enacted in the wake of the Great Recession in a speech to the Jackson Hole Economic Symposium. Yellen warned that any adjustment to the regulatory framework should be modest and preserve the increase in resilience.

November 2017: Trump Chooses Powell Over Yellen for Fed Chair

In November 2017, President Trump, on the advice of Treasury Secretary Steven Mnuchin, picked Republican Fed governor Jerome Powell over Janet Yellen as the next chair of the Federal Reserve.

February 2, 2018: Yellen Enforces Sanctions on Wells Fargo

On February 2, 2018, Janet Yellen enforced sanctions on Wells Fargo, the third-largest U.S. bank, with a consent order restricting the firm's expansion due to "widespread consumer abuses and compliance breakdowns".

February 5, 2018: Yellen Joins Brookings Institution

On February 5, 2018, Janet Yellen became a distinguished fellow in residence with the Economic Studies program at the Brookings Institution, also affiliating with the Hutchins Center on Fiscal and Monetary Policy.

December 10, 2018: Yellen Warns of Potential Financial Crisis

On December 10, 2018, Janet Yellen, in conversation with Paul Krugman at the City University of New York, cautioned about the possibility of another financial crisis, citing "gigantic holes in the system" after her departure from the Federal Reserve.

2018: Views on taxes and retirement spending

In 2018, Janet Yellen expressed concern about the United States fiscal path and national debt, stating that she would raise taxes and cut retirement spending if she had a magic wand.

2018: End of Federal Reserve Chair Term

In 2018, Janet Yellen's term as chair of the Federal Reserve concluded.

2018: Joins the Brookings Institution

In 2018, after her departure from the Federal Reserve, Janet Yellen joined the Brookings Institution as a distinguished fellow in residence.

2018: Yellen Served as Federal Reserve Chair

Janet Yellen became the first person in U.S. central bank history to have served as a Federal Reserve chair from 2014-2018.

January 2019: Signing of the Economists' Statement on Carbon Dividends

In January 2019, Janet Yellen was among the original signers of the Economists' Statement on Carbon Dividends, promoting a carbon dividends framework for U.S. climate change policy.

February 25, 2019: Yellen Questions Trump's Grasp of Macroeconomic Policy

On February 25, 2019, in an interview with Marketplace, Janet Yellen stated she did not believe then-President Trump had "a grasp of macroeconomic policy." She expressed doubts about his understanding of the Federal Reserve's goals and voiced concerns over his regard for the central bank's independence.

July 17, 2020: Yellen Testifies on Coronavirus Crisis Economic Policy Response

On July 17, 2020, Janet Yellen and Ben Bernanke testified before the House Select Oversight Subcommittee on the Coronavirus Crisis, urging lawmakers to act aggressively with fiscal stimulus by extending unemployment payments, providing financial assistance to states and local governments, and investing in the medical response to the pandemic.

October 2020: Report on climate change and finance

In October 2020, the Group of Thirty's Steering Committee Working Group on Climate Change and Finance, co-chaired by Janet Yellen and Mark Carney, prepared a report that developed a strategy to mainstream the transition to a net-zero emissions economy, calling for climate risk assessments and carbon pricing.

November 30, 2020: Nomination for Secretary of the Treasury

On November 30, 2020, President-elect Joe Biden nominated Janet Yellen to serve as Secretary of the Treasury.

2020: Return to Public Service

In 2020, Janet Yellen returned to public service after her time at the Brookings Institution.

January 22, 2021: Senate Finance Committee Unanimously Approves Yellen's Candidacy

On January 22, 2021, the Senate Finance Committee unanimously approved Janet Yellen's nomination for Treasury Secretary with a 26-0 vote.

January 25, 2021: Confirmation as Secretary of the Treasury

On January 25, 2021, Janet Yellen was confirmed by the U.S. Senate as Secretary of the Treasury.

April 2021: Yellen Proposes Global Minimum Corporate Tax Rate

In April 2021, Janet Yellen proposed a global minimum corporate tax rate to prevent profit shifting by multinational companies for tax avoidance, outlining the benefits for the US and global economies in a Wall Street Journal piece.

June 5, 2021: G7 Finance Ministers Agree to Global Minimum Corporate Tax Rate

On June 5, 2021, finance ministers from the Group of Seven (G7) agreed to reinstate a minimum worldwide corporate tax rate of at least 15% as part of a landmark deal to modernize the international tax system.

July 23, 2021: Yellen Urges Congress to Raise or Suspend Debt Limit

On July 23, 2021, Janet Yellen sent a letter to congressional leaders, urging them to increase or suspend the nation's debt limit to avoid "irreparable harm" to the U.S. economy and warning of potential government shutdown or debt default.

September 2021: Support for removal of the debt ceiling

In September 2021, at a House Financial Services Committee hearing, Janet Yellen supported efforts to completely remove the debt ceiling, arguing that the borrowing cap is very destructive and poses an unnecessary threat to the American economy.

September 19, 2021: Yellen Calls for Debt Ceiling Increase in WSJ Op-Ed

On September 19, 2021, Janet Yellen, in an op-ed for The Wall Street Journal, reiterated her call for an increase in the debt ceiling to prevent a potential financial crisis due to the Treasury exhausting its cash reserves in October.

October 2021: Over 130 Countries Enforce Global Minimum Tax Rate Agreement

In October 2021, more than 130 countries, accounting for over 90% of global GDP, enforced a landmark agreement through the OECD to establish a global minimum tax rate of 15% for businesses worldwide.

November 2021: Yellen Tasked with Crafting Sanctions Strategy Against Russia

In November 2021, Janet Yellen and senior Treasury personnel were tasked with crafting a sanctions strategy to maximize the costs to Russia's economy while limiting negative impacts on the United States and its allies, anticipating potential aggression.

December 2021: Biden Signs Debt Ceiling Increase into Law

In December 2021, President Biden signed a debt ceiling increase into law, averting a U.S. default. This legislation was designated to cover the government's financial commitments beyond the 2022 midterm elections.

2021: Yellen Becomes Secretary of the Treasury

In 2021, Janet Yellen became the 78th United States Secretary of the Treasury, marking the first time a woman held the position.

2021: Parodied on Saturday Night Live

In 2021, Janet Yellen was parodied by Kate McKinnon on NBC's Saturday Night Live (SNL).

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April 7, 2022: Yellen Addresses Impact of Digital Assets on American Economy

On April 7, 2022, Janet Yellen addressed the growing impact of digital assets on the American economy at American University's Kogod School of Business, outlining policy objectives and lessons for navigating emerging technologies.

April 13, 2022: Yellen Advises Against Supply Chain Risks from Authoritarian Regimes

On April 13, 2022, in a speech at the Atlantic Council, Janet Yellen cautioned against supply chain risks from reliance on commodities from countries aligned with authoritarian regimes and favored a friendshoring strategy, limiting supply chain networks to allies.

May 10, 2022: Comments on economic consequences of Roe v. Wade overturning

On May 10, 2022, during a Senate Banking Committee hearing, Janet Yellen commented on the economic consequences of overturning Roe v. Wade, stating that eliminating women's right to choose would have damaging economic effects and set women back decades, potentially increasing poverty and reliance on public assistance. This statement was in response to Sen. Bob Menendez and was debated by Sen. Tim Scott.

August 2022: Directing IRS to use Inflation Reduction Act funding

In August 2022, after the passage of the Inflation Reduction Act, Janet Yellen directed the Internal Revenue Service (IRS) to utilize $80 billion in additional funding over a decade to address backlogs, improve taxpayer services, update technology, and hire new employees.

December 2, 2022: G7 Nations Agree to Cap Price of Russian Oil

On December 2, 2022, following months of lobbying and negotiations by the United States, the G7 nations, the European Union, and Australia agreed to cap the price of Russian oil at $60 per barrel to deprive the Kremlin of funding for its war in Ukraine and reduce inflation.

December 2022: Essay on key risks for the U.S. economy

In December 2022, Janet Yellen wrote an essay for Project Syndicate that identified key risks to the U.S. economy, including over-concentration of critical goods, geopolitical and security risks from hostile states, and reliance on supply chains that violate human rights.

January 2023: Yellen Warns of Approaching Debt Ceiling to Congress

In January 2023, Janet Yellen informed House Speaker Kevin McCarthy and other congressional leaders that the U.S. expected to hit the debt ceiling on January 19 and that the Treasury would again use "extraordinary measures" to prevent default.

February 27, 2023: Surprise visit to Kyiv

On February 27, 2023, Janet Yellen made a surprise visit to Kyiv, reaffirming U.S. economic support for Ukraine, including the rollout of $1.25 billion in budget relief, which is the first part of a $10 billion package.

March 12, 2023: Appearance on CBS' Face the Nation amidst banking crisis

On March 12, 2023, amidst the banking crisis and the collapse of Silicon Valley Bank, Janet Yellen appeared on CBS' Face the Nation. She affirmed that financial regulators were closely monitoring the banking system and approved actions to protect all depositors of Silicon Valley Bank and Signature Bank by announcing a systemic risk exception, while initially stating a bailout was off the table.

April 20, 2023: Speech on economic approach toward China

On April 20, 2023, Janet Yellen delivered a speech at Johns Hopkins University outlining the Biden administration's economic approach toward China, which includes securing American national security interests, seeking fair economic competition, and engaging on global challenges. She also expressed her desire to visit China to revive dialogue on economic matters.

June 3, 2023: Biden Signs Legislation Suspending Debt Limit

On June 3, 2023, President Biden signed bipartisan congressional legislation that suspended the public debt limit through his first term, resolving the debt-ceiling crisis. This came as a compromise between the White House and House Republicans.

June 2023: Fiscal Responsibility Act and IRS funding

In June 2023, following the passage of the Fiscal Responsibility Act, which reallocated some funding from IRS modernization, Janet Yellen assured that the agency still had sufficient resources to enhance service and ramp up enforcement, while also stating that the Treasury Department would continue to advocate for additional funds.

October 2023: Comments on economic implications of Israel's war on Gaza

In an October 2023 interview with Sky News, Janet Yellen stated that it was too early to determine the significant economic consequences of Israel's war on Gaza, and that it depends on whether the hostilities extend beyond Israel and Gaza.

2024: Robert Akerlof becomes professor at UNSW

In 2024, Janet Yellen's son, Robert Akerlof, became a full professor of economics at the UNSW Business School in Sydney, after two years as a postdoc at MIT and 14 years at the University of Warwick.

2024: Yellen's Assignment as Fed Governor

In November 2017, Yellen made her resignation from the Federal Reserve Board at the conclusion of her chairmanship known after Trump's choice, despite still having her assignment as Fed governor until 2024.