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Janet Louise Yellen is an American economist, currently serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers. Yellen is the Eugene E. and Catherine M. Trefethen Professor of Business Administration and Economics at the University of California, Berkeley.
Arthur Frank Burns was an American economist and diplomat who served as the 10th chairman of the Federal Reserve from 1970 to 1978. He previously chaired the Council of Economic Advisers under President Dwight D. Eisenhower from 1953 to 1956, and served as the first Counselor to the President under Richard Nixon from January to November 1969. He also taught and researched at Rutgers University, Columbia University, and the National Bureau of Economic Research.
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In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. In 1938, the Fair Labor Standards Act established it at 25¢ an hour. Its purchasing power peaked in 1968, at $1.60. In 2009, Congress increased it to $7.25 per hour with the Fair Minimum Wage Act of 2007.
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Philip Nathan Jefferson is an American economist who has been serving as 23rd Vice Chair of the Federal Reserve since September 2023. He has been a member of the Federal Reserve Board of Governors since 2022. He was nominated for the position by President Joe Biden in January 2022, and was confirmed by the Senate in May 2022. Upon taking office, he became the fourth Black man to serve on the board.
Christopher J. Waller is an American economist who has been a member of the Federal Reserve Board of Governors since 2020. A nominee of then-President Donald Trump, he was confirmed by the Senate in December 2020, to serve through January 2030.
Stephanie Aaronson is an American economist. She received her PhD in economics from Columbia University. Aaronson served as a Senior Fellow at the Brookings Institution until December 2022, where she held the position of vice president and director of economic studies. She specializes in labor economics and her current research focuses on labor force participation in the United States. Her work has been published in academic journals, such as the American Economic Review. Her research has been featured in prominent news publications, including The New York Times and The Economist.
Eric Baird French is the Montague Burton Professor of Industrial Relations and Labour Economics at the University of Cambridge. He is also a Co-Director at the ESRC Centre for the Microeconomic Analysis of Public Policy, a Fellow at the Institute for Fiscal Studies and a Fellow at the Centre for Economic Policy Research. His research interests include: econometrics, labour and health economics.
References
- ↑ "The Fed - William L. Wascher".
- ↑ "The Fed - William L. Wascher".
- ↑ "William L. Wascher, AS78". UD Messenger. Retrieved 2017-10-14.
- ↑ "William Wascher Bio" (PDF).
- ↑ Weissmann, Jordan (2013-02-13). "Helpful, Harmful, or Hype? 5 Economists Weigh In on Obama's Minimum-Wage Proposal". The Atlantic. Retrieved 2017-10-14.
