Janet L. Yellen took office as Vice Chair of the Board of Governors of the Federal Reserve System on October 4, 2010 for a four-year term and simultaneously began a 14-year term as a member of the Board of Governors.

Prior to her appointment as Vice Chair, she served as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. From 1997 to 1999, Dr. Yellen served as chair of the Council of Economic Advisers. Dr. Yellen is Professor Emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980. Dr. Yellen graduated summa cum laude from Brown University in 1967 and received her PhD in economics from Yale University in 1971. She is a Distinguished Fellow of the American Economic Association and a member of the Council on Foreign Relations and the American Academy of Arts and Sciences.

Lorenzo Bini-Smaghi is currently Visiting Scholar at Harvard's Weatherhead Center for International Affairs and at the Istituto Affari Internazionali. He is Chairman of the Boards of SNAM. He also chairs Fondazione Palazzo Strozzi in Florence and the Italian Chapter of the Alumni of the University of Chicago.

From June 2005 to December 2011 he was a Member of the Executive Board of the European Central Bank. During that period he acted as G7 and G20 Deputy for the euro area.

He is author of several articles and books on international and European monetary and financial issues. He is currently member of the A-List of Commentators for the Financial Times.

He is married and has two children.

He was previously Deputy Governor from 1998 to 2003, and Chief Economist and Executive Director from 1991. Born in 1948, Mervyn King studied at King’s College, Cambridge, and Harvard (as a Kennedy Scholar) and taught at Cambridge and Birmingham Universities before spells as Visiting Professor at both Harvard University and MIT.

From October 1984 he was Professor of Economics at the London School of Economics where he founded the Financial Markets Group.

He has been a MacArthur Fellow and a Guggenheim Fellow, and is a Fellow of the American Academy of Arts and Sciences, as well as a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research (Cambridge, Mass.), and a Research Fellow of the Centre for Economic Policy Research (London). In 2007 he was awarded the Deutsche Bank Prize in Financial Economics.

Woodford’s primary research interests are in macroeconomic theory and monetary policy. His most important work is the treatise Interest and Prices: Foundations of a Theory of Monetary Policy. He is also co-editor of a three-volume Handbook of Macroeconomics (with John B. Taylor), a two-volume Handbook of Monetary Economics (with Benjamin M. Friedman), and The Inflation Targeting Debate (with Ben S. Bernanke). Among other editorial duties, he is a Co-Editor of the NBER Macroeconomics Annual, and a member of the editorial board of the Annual Review of Economics. He serves on the Economic Advisory Panel of the Federal Reserve Bank of New York, is a scientific advisor for Sveriges Riksbank, the central bank of Sweden.