dr. janet yellen, obama's nominee for vice chairman of the federal reserve. and i know dr. yellen. she has dedicated her life to studying the complex field of economics. her background makes for a strong candidate at a time when the country is recovering from the economic crisis. she graduated from brown in 1967 summa cum laude. she began her teaching career as an assistant professor at harvard, where she taught from 1971 to 1976. from 1977 to 1978 she served as economist at the federal reserve board of governors. in 1971 she moved onto another teaching position, this time at the london school of economics. in 1980, she began as an assistant professor at the university of california berkeley and she has been there ever since. today, she is professor emeritus of business and economics. why she has been awarded teacher of the year at uc-berkeley's school of business. during her time at berkeley and elsewhere, dr. yellen has published numerous research works, included the noted waiting for work, study of unemployment, completed with her husband, a nobel prize-winning economist who is

dr. yellen, in the opening statements. normally i ask that people try to restrain their remarks to five minutes apiece, but having read your statements, i would urge you to speak for five minutes apiece. they are rather brief statements. we will begin with you, and let me just say to my colleagues as well, for the purpose of the record here, any statements that members of this committee have will be included in the record, and any additional questions they do not get to ask you this morning will also be included. we would ask the nominees as quickly as you possibly can to respond to those questions. i believe it will be the appetite of this committee to want to move along as quickly as we can, recognizing we have a short amount of time left in this session of congress. i believe it will be the desire to want to move these nominees along barring something we are not familiar with. we ask to be as responsive as you can as quickly as you can. thank you once again. delighted to have you back here with, and again, i cannot begi

dr. janet yellen, president obama's nominee for vice chairman of the federal reserve. i know dr. yellen. she has dedicated her life to understanding the complex field of economics. her background makes for a strong candidate for vice chairman at a time when the country is recovering from the economic crisis. dr. yellen graduated summa cum laude a from brown in 1967. she has a doctorate in economics from yale from 1971. she began her teaching career as an assistant professor at harvard where she taught from 1971 to 1976. for 1977 to 1978, she served as the economist at the federal reserve board of governors. if in 1979, she moved onto another teaching position, the summit the london school of economics. in 1980, dr. yellen began as an assistant professor at the university of california berkeley. she has been there ever since. today, she is professor emeritus of business and economics. twice, she has been awarded teacher of the year at uc berkeley's hodge school of business. during her time at berkeley and elsewhere, dr. yellen has published numerous research works. they include the

dr. yellen. you have any family members here that you would like to recognize? >> [inaudible] >> and you? >> [unintelligible] >> dr. raskin? >> [unintelligible] >> very smart bringing in those kinetic events -- connected -- ans.ecte-- connecticut's i hope you have not mention anyone. [laughter] -- i hope you have not forgotten to mention anyone. [laughter] we will begin with you dr. yellen. normally, i ask that the people try to restrain their remarks to five minutes a piece. but having read your statements, i would urge you to speak five minutes apiece. there were very short perio. for the purposes of the record, let me say that any statements that members of this committee will have will be added to the record. any additional questions they will like to ask this morning will also be included for the -- to be answered by the nominees. we have a relatively short amount of time left in this congress. i believe the desire to move these nominations along, we ask you to be as responsive as you can and as quickly as you can. with that, dr. young, thank you once again