Who is the woman who moved KKS in the CS chaos?

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A preppy silver bob. The blouse collar is folded up at the neck. A matinee-long pearl necklace around her neck, sometimes covered with a colorful silk handkerchief. The face is round, the appearance is friendly, the stature of 1.60 meters is slim. Janet Yellen (76) would pass as a grandmother from a picture book.

In fact, the New Yorker is one of the most powerful women in the world. Minister of Finance Karin Keller-Sutter (59) also felt this. When Credit Suisse threatened to collapse last weekend, lines ran high between Bern and Washington, writes the Financial Times. On the Wire in Washington: A Warning Janet Yellen. She was even specifically mentioned by Keller-Suter at Sunday’s press conference. Who is this woman who moved the Federal Council?

First woman to head the US Federal Reserve

Yellen has been the US Secretary of the Treasury in the cabinet of President Joe Biden (80) for two years. She is the first woman ever to lead the ministry. The economist made history in 2014 when she became the first woman to chair the US central banking system.

Yellen is considered an outstanding economist and is recognized for her expertise in all political ranks. Biden called the 76-year-old “one of the most important economic thinkers of our time”. No one is better prepared for crises.

$50,000 stamp collection

Yellen was born the daughter of a doctor and an elementary school teacher in Brooklyn, New York. She received her PhD from Yale University’s Faculty of Economics. After a career as an assistant professor, she was appointed to the governing body of the US Federal Reserve in 1994. Three years later, US President Bill Clinton (76) appointed her as his top economic adviser.

Yellen headed the Federal Reserve Bank of San Francisco for six years before becoming vice president and president of the Federal Reserve from 2014. Former President Donald Trump (76) dismissed her from office in 2018 because she wanted to raise interest rates. During this time, suspicions of corruption shattered her career. According to the New York Times, Yellen was reported to have received more than $7 million in speaking fees from major corporations and Wall Street banks. In the end, the affair does not change her excellent reputation.

Yellen is married to Nobel Prize winner George Akerlof (82) and they have a son together. Yellen’s fortune is estimated at several million dollars. It also has a very special treasure: stamps. Her collection is said to be worth about $50,000.

Source: Blick