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5 Notable Fed Chiefs

By    |   Saturday, 11 July 2015 06:11 PM

The head of the Federal Reserve has played a varied role during the organization’s 100-year history. Here are five most recent Fed chiefs and what they did before becoming head of the country’s centralized bank.

1. Janet Yellen
Federal Reserve chair appointed February 3, 2014, Yellen is the 15th chair and the first woman lead the organization. This New York Native was the head of President Clinton’s Council of Economic Advisors, according to Biography. She led the Federal Reserve Bank of San Francisco and served as a Professor Emerita in the Haas School of Business at the University of California, Berkley.

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2. Ben Bernake
Federal Reserve chair appointed February 2006, Bernanke served two terms as chair. Before beginning his term on the Board of Governors, Bernake was a professor of economics at Stanford University and Princeton University. He served as chair of President George W. Bush’s Council of Economic Advisors. He was the editor of the American Economic Review and is credited with improving the Fed’s transparency and communications during his tenure, according to Federal Reserve History.

3. Alan Greenspan
Greenspan took the helm of the Federal Reserve on August 11, 1987. He served as the head of President Gerald Ford’s Council of Economic Advisors, according to Biography. He had also been the chair of the National Commission on Social Security Reform in the early 1980s as well as a consultant to the Congressional Budget Office. He retired from the board in January of 2006.

4. Paul Volcker
A chair of President Barack Obama’s President Economic Recovery Advisory Board, Volcker served as the Federal Reserve Chair under both President’s Jimmy Carter and Ronald Regan, Federal Reserve History noted. He was Fed Chair from 1979 to 1987. Before becoming chair of the Federal Reserve, Volcker had been president of the Federal Reserve Bank of New York. He had served as under-secretary of the Treasury. He also worked in the private banking sector at Chase Manhattan Bank.

5. G. William Miller
This short-termed chair of the Federal Reserve Board of Governors was appointed on March 8, 1978. He left in August of 1979 after being appointed Secretary of the Treasury, according to Federal Reserve History. Miller was a lawyer, who had been a graduate of the U.S. Coast Guard Academy, where he studied Marine Engineering. He had success in the private sector at Textron where he eventually served as the company’s CEO. He was a Class B director at the Federal Reserve Bank of Boston before his appointment to the Board of Governors.

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The head of the Federal Reserve has played a varied role during the organization's 100-year history. Here are five most recent Fed chiefs and what they did before becoming head of the country's centralized bank.
Federal Reserve, notable chiefs
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2015-11-11
Saturday, 11 July 2015 06:11 PM
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