President Obama is nominating economist, professor and current Federal Reserve Vice Chairwoman Janet Yellen to be the head of the Federal Reserve. If confirmed by the Senate, Yellen would become the first woman to chair the Federal Reserve and she will supervise and regulate the operations of the Federal Reserve banks and the U.S. banking system.
She’s widely known for siding with policies that promote low unemployment as a main priority for the Fed, instead of controlling inflation. However, she said will do her best to tackle both issues.
It’s expected that Republicans in Congress will be reluctant to support the president’s decision in selecting Yellen because they are concerned the Fed won’t do as much as they can to prevent high inflation going forward.
Being that Yellen is likely to hold this prestigious position — what do we really know about her?
Take a look at 5 interesting facts about Janet’s life.