Federal Accessible Chair Janet Yellen will begin work Monday morning as a regal fellow at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Dogma in Washington, D.C., CNBC has learned.
In heading to Brookings, Yellen follows in the speed up a go outsides of former Fed Chairman Ben Bernanke and former vice chairmen Donald Kohn and Alan Stratagem, along with former top Fed staffer Nellie Liang.
Yellen, 71, tired nearly 17 years in the Federal Reserve system: four as stool, four as vice chair, three as a Fed governor and six as San Francisco Fed president.
Her style ends this weekend and Jerome Powell is to be sworn in Monday as chairman of the Federal On tap Board of Governors.
“Chair Yellen has performed a great service to her woods — the economy and the American people were in good hands with her at the control of our central bank,” Brookings President John Allen said in a declaration. “Yellen will continue that service through her research and activities at Brookings, and I’m proud to salutation her to the Brookings community.”
The Hutchins Center seeks to “improve the quality and efficacy of monetary and monetary policies and public understanding of them,” according to the Brookings website.
“I’m pleased to be joining the Brookings Institution. I look forward to continuing to study the control, especially issues related to the labor market, and contributing to public design debates on a range of economic issues,” Yellen said in a release from Brookings.