Amid the deepest recession of the postwar era, the Federal Reserve faces one of the gravest challenges of its 96-year history.
Janet Yellen, President and CEO of the Federal Reserve Bank of San Francisco, assesses the state of the economy while explaining the thinking and the actions behind some of the Fed's precedent-shattering initiatives to rescue a financial system in crisis and help jump-start economic growth.
Dr. Janet L Yellen
Janet L. Yellen took office on June 14, 2004, as president and chief executive officer of the Twelfth District Federal Reserve Bank, at San Francisco. In 2009, she serves as a voting member of the Federal Open Market Committee.
Dr. Yellen is professor emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.
Speaking at a Commonwealth Club event in 2009, Janet Yellen, Vice Chairwoman of the U.S. Federal Reserve, looks at how capitalism is regulated in the United States and how government corrects flaws in the market.