Session 9: A View from the Federal Reserve
Hear the views of one of the nation’s foremost economists and current president and CEO of the 12th District Federal Reserve.
Presentations
Speech text (at FRB SF)
Links of Interest
Speakers
Carl Tannenbaum
La Salle Bank/ABN AMRO N.A.
Carl Tannenbaum is the Chief Economist for LaSalle Bank Corporation, a $100 billion organization centered in Chicago. LaSalle is an affiliate of the ABN AMRO Bank of Holland, one of the world’s largest financial institutions.
In this capacity, Carl provides internal and external briefings on business conditions. He publishes weekly, monthly, and quarterly commentary for distribution to the bank's customers. He serves as a quote contact for a number of publications and provides commentary on business issues for CNBC, CNN, and other media outlets.
Mr. Tannenbaum is a member of the Blue Chip panel of economic forecasters and is President of the National Association for Business Economics. In addition to his economic duties, Carl is also responsible for measuring the organization’s interest rate risk and monitoring its investment portfolio.
Mr. Tannenbaum has been with the organization for twenty-two years. He holds an M.B.A. and a B.A. in finance and economics from the University of Chicago.
Janet Yellen
Federal Reserve Bank of San Francisco
Janet L. Yellen took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on June 14, 2004. In this role, Dr. Yellen fully participates in meetings of the Federal Open Market Committee, bringing her District's perspective to policy discussions in Washington.
Dr. Yellen is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.
Dr. Yellen earlier took leave from Berkeley for five years starting August 1994 when she served as a member of the Board of Governors of the Federal Reserve System through February 1997, and then left the Fed to become Chair of the Council of Economic Advisers through August 1999. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999.
Dr. Yellen is a member of both the Council on Foreign Relations and the American Academy of Arts and Sciences and a research associate of the National Bureau of Economic Research. She also serves on the board of directors of the Pacific Council on International Policy, and in the recent past, she served as president of the Western Economic Association, vice president of the American Economic Association and was a Fellow of the Yale Corporation.
Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her PhD in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary Doctor of Laws degree from Brown in 1998, and an honorary Doctor of Humane Letters from Bard College in 2000.
An Assistant Professor at Harvard University from 1971 to 1976, Dr. Yellen served as an economist with the Federal Reserve’s Board of Governors in 1977 and 1978, and on the faculty of the London School of Economics and Political Science from 1978 to 1980.
Dr. Yellen has written on a wide variety of macroeconomic issues, while specializing in the causes, mechanisms and implications of unemployment.
