Janet Yellen most powerful banker in the world

Janet Yellen most powerful banker in the world


 U.S. Senate approval for Janet Yellen to lead the Federal Reserve has made ​​a woman for the first time became chairman of the most powerful central bank in the world .

Not many who doubt his qualifications to shepherd the U.S. economy back to sustainable growth after the Great Recession of 2008 and 2009 .

The veteran economists have long devoted himself both in the academic world as well as vice chairman of the Fed and the Fed's closest allies boss who will soon be replaced , Ben Bernanke , in the last four years .

He is part of a program the Fed to stimulate growth to reduce unemployment , and become the main driving force that central banks are more open to the public .

When he ran in October last year , President Barack Obama called it " highly qualified " for what he calls the most important position in the world .

" He's a proven leader and he's tough . 's Not just because he was from Brooklyn , " Obama said jokingly , referring ferocious corner of New York 's famous characters generating anti strings attached .

Obama recited reputation when it has been since the beginning Yellen warned bubbling effect housing and financial crisis leads to the 2008-2009 recession .

" It is more important to have strong regulators such as Janet Yellen who is not afraid to act when they have risked abuses that the American people , " said Democratic Senator Sherrod Brown of .

At the age of 67 , Yellen has built a great reputation as an academic economist teaching at the University of California at Berkeley .

Her family is indeed economic thinkers . Her husband George Akerlof is a Nobel laureate in economics and Hadia is now Senior Resident Scholar at the International Monetary Fund ( IMF ) .

His son , Robert Akerlof , is an assistant professor of economics at the University of Warwick . They are known to carry the economic text books to the beach while holidaying .

" Indeed , " Yellen said in his Brooklyn accent is thick on one occasion lau interview some time , " if you spend the night at our house then it is very likely you will hear every time the economy discussed at the dinner table .

" You will eat a diet richer in the discussion of economic and policy issues diselerai diet than most people . "

She and her husband have long had an interest in the impact of the lack of jobs to the economy , and through that the Fed's Yellen has helped keep memokuskan policies to reduce unemployment .

In a hearing with the Senate to confirm him last November , he explained that he was not going to come out of Bernanke policy that both are designing to bring the U.S. economy to a higher level .

" We have created good progress but we are still far from the runway regain lost in the crisis and the recession , " he told the Senate Committee .

"I judge is urged to do what we can , in order to promote a very strong recovery , " he said as quoted by AFP .