Mostpowerfulwoman.pptVIP

Read the passage again and work with your partner to summarize the main idea of this article. * * Most powerful woman Issue.1026 October 16, 2013 By students, for students Background Information General Questions Detailed Study Most powerful woman Background Information The?Federal Reserve System?(also known as the?Federal Reserve, and informally as the?Fed) is the?central banking?system of the United States. It was created on December 23, 1913, with the enactment of the?Federal Reserve Act, largely in response to a series of financial panics, particularly a severe?panic in 1907.Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression?were major factors leading to changes in the system. Background Information Janet Louise Yellen?(born August 13, 1946) is an American ecomist and professor who is the Vice Chair of the?Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House?Council of Economic Advisers under?President?Bill Clinton, and?Professor Emerita?at the?University of California, Berkeleys?Haas School of Business. On October 9, 2013, President?Barack Obama?nominated Yellen to be Chair of the Federal Reserve. If confirmed, Yellen would be the first woman to hold the position.  Skimming and scanning: Find the answers to the following quesitons as quickly as possible. Instruction 1.Why is Yellen considered as the most powerful woman in the world? 2.Why do people believe Yellen is the most qualified nominee ever? She chaired president Bill Clinton’s Council of Economic Advisers, taught at Harvard and Berkeley, and was president of the Federal Reserve Bank of San Francisco. She is currently the Fed’s vice chair. Yellen was nominated by President Obama to serve as the next US Federal Reserve (Fed) chair. If confirmed by the Senate