Various Degrees, Economics1967
169: What It’s Like to Be the Chairwoman of the Federal Reserve Bank w/ Dr. Janet Yellen, The Brookings Institution [Main T4C episode]
Dr. Janet Yellen is currently serving as a Distinguished Fellow in Residence at The Brookings Institution. From 2014 to 2018, Dr. Yellen served as the Chair of the Board of Governors of the Federal Reserve System, the first woman to hold this position. During her time as the head of..
“For [the Federal Open Market Committee] to be successful, it really needs to forge a consensus … Finding a way to form that consensus, to get people who come from different backgrounds, bring different perspectives, that’s all valuable, but they need to come together and be able to speak in a united way with something close to one voice.”
Best Career Advice
“Find something you really love doing. I mean, I think a good career starts with figuring out what makes you feel energized. Java helps but beyond that, having work that you really enjoy doing that you find exciting that you want to spend your time doing.”
“I’ll always remember by first press conference … everything was going okay until a reporter asked me a question about some language in the statement … we had some words like ‘it would be a considerable time before interest rates were raised’ and I really didn’t intend to define what ‘considerable time’ meant. And I got pressed and pressed and pressed on what did this mean? And eventually I made a mistake and I said six months … And the minute I said six months, I later discovered the market started plummeting … Eventually as I look back on it I think, okay, I made a mistake and I didn’t make another mistake like that. I think you have to not beat up on yourself too much when you make an error.”
Project Management, Communication, Strategy