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President Barack Obama Nominates Bay Ridge Native Janet Yellen to Be First Woman Chair of the Federal Reserve

From Fort Ham to the Fed: the story of Janet Yellen

President’s pick: Yellen shakes hands with the Commander-in-Chief after receiving the nomination.
The Brooklyn Paper
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A daughter of Bay Ridge is set to become the first woman to helm the nation’s central bank — making her arguably the most powerful woman in the history of the world.

President Barack Obama has nominated Janet Yellen, a graduate of Fort Hamilton High School, to be the next chair of the Federal Reserve — the institution that regulates the American banking system, and controls the almighty dollar.

Yellen was born in 1946 and grew up the daughter of a doctor on Ridge Boulevard, graduating from Fort Ham in 1963.

She went on to graduate summa cum laude from Brown University with a bachelor’s degree in economics, and got her PhD from Yale University. She taught at esteemed institutions like Harvard University, the University of California at Berkeley, and the London School of Economics. She served on the Fed’s Board of Governors — which oversees the central bank — and as the president and chief operating officer of its West Coast branch, based in San Francisco.

She became vice-chair of the Federal Reserve in 2010 — and, if the Senate votes to confirm her nomination — she will be the first female to join the boys’ club of Fed chairmen. World markets look to the Fed chair for clues on how the central bank will manage interest rates, which it does by regualting the supply of greenbacks in circulation. If confirmed, Yellen’s every word will move trillions of dollars around the globe and shape the economy of the nation and the world.

Ridge finance experts predicted Yellen would be an inspiration to Brooklynites and a wise steward of the American economy.

“Everybody in the local community should be proud,” said Mike Garthaffner, vice president of the Bay Ridge Federal Credit Union. “I’m sure she’ll do a terrific job creating policy and steering the economy.”

Reach reporter Will Bredderman at wbredderman@cnglocal.com or by calling (718) 260-4507. Follow him at twitter.com/WillBredderman.
Updated 10:15 pm, July 9, 2018
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Reasonable discourse

h4yRR2 from Bay Ridge says:
What grade school did she go to before Ft. Hamilton?

Where in Bay Ridge did she grow up?
Oct. 11, 2013, 5:19 am
diehipster from Actual Brooklyn says:
This is an outrage. If they're going to pick a REAL Brooklynite from ACTUAL Brooklyn, they should have picked Zooey McArtsupplies - President and Chairman of the Bushwick Granola and Kale Society who just arrived from Indiana 6 months ago. I mean, c'mon.
Oct. 11, 2013, 7:40 am
Rufus Leaking from BH says:
diehip;

She is an artist - just watch the money she prints and prints and prints.
Oct. 11, 2013, 7:55 am
bkmanhatposeur from brokelyn says:
man. she doesnt speak with an accent.
Oct. 11, 2013, 8:32 am
Joe Black from Kensington says:
they shoulda picked a real south-brooklynite - some 35 year old professional drywaller meathead toughguy who wears sideways hats, hip-hop man capris, and tank tops, who's mad and scared so many brown people moved into the brooklyn in which he grew up, but too afraid to do or say anything about it so he takes it out on white transplants instead
Oct. 11, 2013, 7:34 pm
Frank from Bay Ridge says:
Somehow Bensonhurst often seems to get thrown into negative hatespeech discussions by association/deflection from xenophobic old timers from Bay Ridge, once again we see it here, interestingly enough Bensonhurst is increasingly diverse, more so than a few other south Brooklyn nabes.....including my good old Bay Ridge.
Oct. 12, 2013, 5:33 am
Ed from Bay Ridge says:
"and dare I say nicer residents as well"

Oh really? And why would you dare say that?
Oct. 12, 2013, 8:02 pm
h4yRR2 from Bay Ridge says:
Know one knows anything more substantial about Yellen's biography as it pertains to Bay Ridge?
Oct. 13, 2013, 9:03 am
Jerry from B Ridge says:
Because she was brilliant, Janet Yellen left our neighborhood as soon as possible. Ha.
Oct. 13, 2013, 9:03 am
Harry the SquareHead from Tottenville says:
She lived at 7101 Colonial Road.
Oct. 13, 2013, 11:44 am
Realitycheck from Dyker says:
h4yRR2 from Bay Ridge says:
"Know one knows anything more substantial about Yellen's biography as it pertains to Bay Ridge?"

You COULD google it since it's all over the internet.
She was a multi-gifted standout, was FHHS newspaper editor and valedictorian, in a league of her own due to talent plus supportive class-act, education-geared family. I doubt that you'll find stories re: her goofing in the pizzeria or hangin' in the park.
Oct. 13, 2013, 4:37 pm
Ed from Bay Ridge says:
Realitycheck from Dyker says

in a league of her own due to talent plus supportive class-act, education-geared family. I doubt that you'll find stories re: her goofing in the pizzeria or hangin' in the park.
***

Seriously true. Seems to have been one of those quiet gifteds who surpasses 'neighborhood' and would have followed her brain and excelled no matter where she grew up.
Oct. 13, 2013, 5:31 pm
John Wasserman from Windsor Terrace says:
Obviously, but also surprisingly, our commenters (the best and brightest?) are once again missing the point, and leaving out a major factor. I don't even want to mention it on the air, but I will if someone doesn't as soon as they can.
Oct. 14, 2013, 1:42 pm
Ed from Bay Ridge says:
John Wasserman from Windsor Terrace says:
Obviously, but also surprisingly, our commenters (the best and brightest?) are once again missing the point, and leaving out a major factor.
* * *

Like what? That she's a small person with a big intellect and great hair?
Oct. 14, 2013, 8:25 pm

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