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Federal
 
Reserve
Backgrounds
 
and 
 
Bios
February
 
2011
CONFIDENTIAL
 
Board
 
of 
 
Governors
Academic
 
ExperienceFed
 
/
 
Government
 
ExperienceCorporate
 
ExperienceCorporate
 
Mgmt.
 
Experience
BA,
 
Economics,
 
Harvard
 
1975
PhD,
 
Economics, MIT
 
1979
Professor
 
of 
 
Economics and
 
Ben
 
Bernanke
Chairman
Chairman since
 
Feb
 
1,
 
2006Governor from
 
Sep
 
02
 June
 
05
u c
 
a rs,
 
r nce on,
1996
Assistant
 
and
 
Associate
 
Professor
 
of 
 
Economics,
 
1979
1985,
 
Stanford
 
Graduate
 
School
 
of 
 
Business
Served
 
as
 
Director
 
of 
 
the
 
Monetary
 
Economics
 
Program
 
Chairman of 
 
President’s
 
Council
 
of 
 
Economic
 
Advisors
 
from
 
June
 
2005
 
 – Jan
 
2006
None
 
noted
None Notedof 
 
the
 
National
 
Bureau
 
of 
 
Economic
 
Research
 
(NBER)
 
and
 
as
 
a
 
member
 
of 
 
NBER’s
 
Business
 
Cycle
 
Dating
 
Committee
Janet
 
Yellen
BA,
 
Economics,
 
Brown 1967
PhD,
 
Economics,
 
Yale
 
1971
Professor
 
Emeritus (Economics)
 
President
 
& CEO
 
of 
 
the
 
12
th
District
 
Federal
 
Reserve
 
Bank,
 
San
 
Francisco
Vice
 
Chair 
Governor since
 
Oct 
 
4,
 
2010 Governor 
 
 from
 
 Aug
 
94–Feb
 
97 
at
 
UC
 
Berkeley.
 
Faculty
 
member
 
since
 
1980
Assistant
 
Professor
 
of 
 
Economics,
 
1971
76
Faculty,
 
London
 
School
 
of 
 
Economics
 
and
 
Political
 
Science,
 
1978
80
Chairman
 
of 
 
President’s
 
Council
 
of 
 
Economic
 
Advisors
 
from
 
Feb
 
1997
 
 – Aug
 
1999
Chairman
 
of 
 
Economic
 
Policy
 
Committee
 
of 
 
OECD,
 
1997
99
Economist
 
for
 
Fed
 
Board
 
of 
 
Governors,
 
1977
78
None
 
noted
None
 
noted
Kevin
 
Warsh
Governor 
Governor since
 
Feb
 
24,
 
2006Resigning
 
March
 
31,
 
2011
AB, Public
 
Policy
 
(with
 
emphasis
 
in
 
Economics),
 
Stanford
 
1992
JD,
 
Harvard,
 
1995
Special
 
Assistant to
 
the
 
President
 
for
 
Economic
 
Policy,
 
and
 
Executive
 
Secretary
 
of 
 
the
 
National
 
Economic
 
Council,
 
2002
06
Morgan
 
Stanley Investment
 
Banking,
 
Mergers
 
&
 
Acquisitions,
 
VP
 
and
 
Executive
 
Director,
 
1995
2002
None
 
noted
Confidential 
3
HAYMAN
 
CAPITAL
 
MANAGEMENT,
 
LP
 
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