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Finance Minister Janet Yellen appears with Sarah Eisen CNBC (not shown) at the US Treasury on January 8, 2024.
Cnbc
Former Finance Minister Janet Yellen will join the PIMCO Giant Advisory Board, CNBC learned.
Joining other well -known officials in the world of economy and finance, Yellen, who also held the post of chairman of the federal reserve system, will serve in the council, which occurs several times a year, Leslie Picker said.
The mission of the members of the Advisory Board, according to PIMCO, should “contribute to the firm in the field of global economic, political and strategic developments and their relevance for financial markets.”
The current members include Gordon Brown, the former Prime Minister of the UK; Ex-white Chief of Staff Joshua Bolten; Michèle Flournoy, a former defense advisor to two US presidents, and Ragur Rajan, economist and former Governor of the Indian Reserve Bank.
In addition, former Fed Chairman Ben Bernanke also held the post of senior adviser in PIMCO, and Richard Clarid, who held the post of Vice -Chair of the Central Bank, is the manager at the New York office.
For four years, the Biden administration has been the head of the Treasury, and before that they fed the chairman since 2014-18. She was the first woman to hold the appropriate positions. Before taking the Treasurer, she served as an outstanding employee at the Brookings Analytical Center.
PIMCo based on Newport Bich, California, rules about $ 2 trillion for customers and once ruled the largest bond fund in the world. Yellen has the past with the firm, reporting that she alone collected a $ 180,000 conversation fee.
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