What Janet Yellen's Fed Might Look Like
As vice chair at the Federal Reserve, Yellen has been a leading voice for pro-growth policies on jobs and the economy at large.By Zach Toombs | January 6, 2014
The leader of the Federal Reserve always has a choice to make: what's more important? The unemployment rate, or inflation? Janet Yellen has been making her choice clear for decades.
The 67-year-old Fed veteran was confirmed Monday by the Senate — making her America's first woman chosen to lead the Federal Reserve. She replaces Ben Bernanke on Feb 1, beginning a four-year term. (Via YouTube / UCBerkeleyHaas)
Yellen is what's known as a "dove" — more concerned with getting the unemployment rate down than with halting the inflation of currency. That's not always the most popular policy on Wall Street.