Janet Yellen became the first female chair of the Federal Reserve in 2014. Prior to replacing Ben Bernanke, Yellen served as vice chair of the Fed’s Board of Governors. When she took the reins as chair, Yellen’s dovish monetary policies initially kept rates low, pleasantly surprising industry insiders. However, she caused a bit of a stir in December when she raised the Fed’s benchmark interest rate, which had been near zero for almost a decade.
Board of Governors of the Federal Reserve System 20th St. and Constitution Ave. N.W. Mail Stop K-300 Washington, D.C. 20551