The U.S. Senate confirmed Janet Yellen, a professor emerita at UC Berkeley’s Haas School of Business, as the first female head of the Federal Reserve on Monday.
Yellen, current vice chair of the Fed’s Board of Governors, will replace Ben Bernanke when she takes office on Feb. 1. She was nominated to the position by President Barack Obama in October.
Yellen taught macroeconomics and international business to undergraduates and MBA students at Haas for 24 years beginning in 1980, becoming the second woman to earn tenure at the Haas School in 1982. She received the school’s Earl F. Cheit Award for Excellence in Teaching, a student-nominated award, in 1985 and 1988.
“Janet was always a phenomenal teacher — partly because she worked very, very hard at it,” said Haas professor David Levine, whom Yellen mentored, in an August interview with The Daily Californian. “She thought about literally every word she would say. As she has moved up in government, this level of thoughtfulness and reflection has always been increasingly important — and as a high official of the Federal Reserve system, where literally, the placement of a comma can move the markets.”