U.S. President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to be next chairman of the nation's powerful central bank. Here's a look at her background and experience:
Name - Janet L. Yellen
Age-birthplace - 67; Brooklyn, N.Y.
Experience - Vice chair, Federal Reserve, 2010-present; president, Federal Reserve Bank of San Francisco, 2004-2010; chair, White House Council of Economic Advisers, 1997-99; member, Federal Reserve Board of Governors, 1994-97; faculty member, University of California, Berkeley, 1980-94 (on leave); lecturer at London School of Economics and Political Science, 1978-80; economist, Federal Reserve, 1977-78; assistant professor at Harvard University, 1971-76.
Education - Bachelor's degree in economics from Brown University, 1967; doctorate in economics from Yale University, 1971.
Family - Husband, George A. Akerlof, Nobel laureate in economics (2001) and Berkeley professor; a son, Robert Akerlof.
Quote - "I hope and trust that the days of 'never explain, never excuse' are gone for good, and that the Federal Reserve continues to reap the benefits of clearly explaining its actions to the public." - Speech to Society of American Business Editors and Writers, April 4, 2013.
