Janet Yellen Brings Jewish Side to Fed — Again
President Obama’s nomination of Janet Yellen to be the next chair of the Federal Reserve will, if confirmed by the Senate, make her the first woman to lead the bank since its creation nearly a century ago. But she’ll be far from the first Jew.
Yellen, whose nomination to head America’s central bank was reportedTuesday, will follow her immediate predecessor Ben Bernanke who was Jewish, and Bernanke’s immediate predecessor, Alan Greenspan, who was Jewish, too. There have been two other Jewish fed chairs in the past century. In fact, the other frontrunner for the position, Lawrence Summers, was Jewish too.
Yellen, 67, was born in a working class neighborhood in Brooklyn, New York, to Julius Yellen, a family doctor, and Anna Blumenthal, who was a school teacher. A recent profile of Yellen published in the Financial Times described the family as “Jewish, although not particularly observant.”