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Bay Area Council lauds Fed nominee Janet Yellen

By Josh Richman
Thursday, October 10th, 2013 at 2:42 pm in Obama presidency.

Janet Yellen, a professor emeritus at UC Berkeley’s Haas School of Business whom President Obama nominated Wednesday to chair the Federal Reserve Bank, was “a thoughtful and engaged member” of the Bay Area Council’s executive committee, the council said Thursday.

Summers withdraws from Fed chief consideration, Janet Yellen considered strong candidate“Janet Yellen provided an incisive voice on economic policy during her tenure with the Bay Area Council,” council president and CEO Jim Wunderman said in a news release. “Janet was an active and valuable leader … providing thoughtful and timely insights on the regional, state and national trends that were shaping our economy leading up to and entering the Great Recession.”

The Bay Area Council is a public policy advocacy organization composed of more than 275 of the nine-county region’s biggest employers. Yellen, 67, served on its executive committee from 2004 to 2010 during her tenure as president and CEO of the Federal Reserve Bank of San Francisco.

She was a frequent speaker at Bay Area Council conferences and meetings, including an April 2008 address to hundreds of CEOs and leading executives in which she shared her perspectives on the emerging financial crisis that would soon become the Great Recession. She also spoke at the 2006 Outlook Conference, discussing the forces driving the economic boom at the time and the surging housing market.

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