Dr. Janet Yellen, President of the San Francisco Federal Reserve, video-conferenced with NNU students and faculty on September 15. Nearly 65 persons, including local business people and members of the community, attended the live conference held in Harter Lecture Hall.
“Janet L. Yellen took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on June 14, 2004. As a 2009 voting member of the Federal Open Market Committee, Dr. Yellen brings her District’s perspective to policy discussions in Washington. [She] 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.
“The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government. The Twelfth District is the largest in the Federal Reserve System, encompassing 36 percent of the nation’s land area, and 20 percent of its population, employment, and the nation’s personal income.”
Quotes taken from http://www.frbsf.org/federalreserve/people/officers/yellen.html