President Obama Has Asked Janet L. Yellen to Serve as Vice Chairman of the Federal Reserve Board of Governors

April 29, 2010

Janet Yellen

Janet Yellen

San Francisco, CA — Following the White House announcement today that President Obama has asked her to serve as Vice Chairman of the Federal Reserve Board of Governors, Janet L. Yellen, President and Chief Executive Officer of the Federal Reserve Bank of San Francisco said: “I’m honored that President Obama has asked me to serve in that capacity. If confirmed by the Senate, I am looking forward to working even more closely with Chairman Bernanke and the other governors, and continuing to collaborate with my colleagues throughout the Federal Reserve System to conduct policies that foster economic prosperity and ensure a stable financial system.

“I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability and, if confirmed, I will work to ensure that policy promotes job creation and keeps inflation in check.”


Carol Eckert
Federal Reserve Bank of San Francisco
(415) 977-3853

Lily Ruiz
Federal Reserve Bank of San Francisco
(415) 974-3240


The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve.