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Trivia Tuesday: 3 Facts About Janet Yellen

This week’s Trivia Tuesday will be dedicated to Janet Yellen, the newly appointed Chairman of the Federal Reserve Banks. I’m sure you’ve heard all about her previous positions and economic achievements, so today I’ll be introducing 3 other facts that you may find interesting:

1. She will be the first woman to run the Federal Reserve.

Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.

Janet Yellen, vice chairwoman of the Federal Reserve, is under consideration to become the first woman to lead the Fed. President Obama reportedly is likely to choose between Yellen and former Treasury Secretary Lawrence Summers.

Pretty much self explanatory: Janet Yellen will be the first woman to be chairman of the Federal Reserve banks since its founding 100 years ago. Previous chairs are Charles Hamlin (1914-1916), William Harding (1916-1922), Daniel Crissinger (1923-1927), Roy Young (1927-1930), Eugene Meyer (1930-1933), Eugene Black (1933-1934), Marriner Eccles (1934-1948), Thomas McCabe (1948-1951), William Martin (1951-1970), Arthur Burns (1970-1978), G. William Miller (1978-1979), Paul Volcker (1979-1987), Alan Greenspan (1987-2006), Ben Bernanke (2006-2014).

2. She is married to a Nobel Peace Prize winner.

Janet Yellen has been married to Nobel Peace Prize economist George Akerlof since 1978. They met at a Fed bureaucrat/speaker lunch where they both sat at an overflow table.  According to Time Swampline, Akerlof is as just as dedicated to his family as he is to his career. In fact, Yellen credit much of her success to her husband. “Academia is very flexible, but I had a spouse who was very committed to being a completely full partner in our marriage…I think if you counted up how many hours each one of us logged in, he certainly gets more than 50%,” she says.

3. She owns a very valuable and extensive stamp collection.

According to Huffington Post, Janet Yellen’s financial disclosure report for 2012 reveals between $4 million and $13 million of assets in big company stocks, investments funds, as well as a stamp collection worth up to $50,000. Apparently, the stamp collecting as been a Yellen family hobby for quite some time; Yellen inherited the collection from her mother.

That’s it for this week’s Trivia Tuesday! If you liked this post, check out these posts about other powerful women from this decade: GM’s Mary Barra and Yahoo’s Marissa Mayer. Also, be sure to check out Sprinklebit for more updates and investment tips!

 

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