Federal Reserve Systen of the Usa Essay

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Econ 1 Problem Set #1: The Federal Reserve System of the United States A. Find the names, education background including schools attended and degrees awarded, and ages of the members of the Board of Governors of the FED. 1. Ben S. Bernanke, Chairman was born on December 1953. He will be 59 years old in December 2012. He received his B.A. in Economics in 1975 from Harvard University and a PHD in Economics in 1979 from the Massachusetts Institute of Technology. 2. Janet L. Yellen, Vice Chairman was born on August 13, 1946 and is currently 66 years old. Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary doctor of laws degree from Brown in 1998, and an honorary doctor of humane letters from Bard College in 2000. 3. Elizabeth A. Duke was born on July 23, 1952 and is currently 60 years old. Ms. Duke received her bachelor’s degree from the University of North Carolina at Chapel Hill and her M.B.A. from Old Dominion University. She received an honorary doctor of humane letters degree from Old Dominion University. 4. Daniel K. Tarullo was born in November 1952 in Boston, Massachusetts, making him 60 years old. He received his A.B. from Georgetown University in 1973 and his M.A. from Duke University in 1974. In 1977, Mr. Tarullo received his J.D. (summa cum laude) from the University of Michigan Law School, where he served as Article and Book Review Editor of the Michigan Law Review. 5. Sarah Bloom Raskin was born in April, 1961 making her 51 years old. Ms. Raskin received her B.A. in economics (magna cum laude) from Amherst College, and she received her J.D. from Harvard Law School. 6. Jeremy C. Stein was born in October 1960 in Chicago, Illinois. He is 52.

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