She is the first-ever female to head the United States Federal Reserve.
One of the interesting facts about Janet Yellen is that she was the first woman to head the US Federal Reserve. As the first member of the Democratic Party appointed to the Board of Directors since 1980, President Bill Clinton announced his intention to nominate Yellen on April 22, 1994, along with Alan Blinder, who had been appointed vice president. He praised her as "one of the most prominent economists of her generation at the intersection of macroeconomics and the labor market." After Robert T. Parry, the first woman to hold the office, Yellen was named president of the Federal Reserve Bank of San Francisco on June 14, 2004. On April 28, 2010, Yellen received President Barack Obama's nomination to take over as vice chairman of the Federal Reserve from Donald Kohn.
Breaking down gender barriers is nothing new, even for 73-year-old Janet Yellen. She was chosen as the first female chairperson of the famous US Federal Reserve, the nation's central banking institution, but only after meeting strict qualifications. As the first vice president to be promoted to the position of chairman of the Federal Reserve, Yellen was formally nominated on October 9, 2013, to succeed Ben Bernanke. In making the announcement, President Obama referred to Yellen as "one of the nation's leading economists and policymakers" who was "particularly qualified for this role." She served in the role from 2014 to 2018, when Jerome Powell took over.
Her unrivaled success during her 15th term as president has earned her praise. An amusing fact about Janet Yellen is how hostile she is toward salary increases and low-interest rates. The unemployment rate also improved the most during her administration in 1948.
