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Early in her career, Yellen worked as an economist at the Fed and was a business and economics professor at the University of California, Berkeley, when she became a member of the Fed's board of governors in 1994. Clinton selected her to chair his Council of Economic Advisers from 1997 to 1999. She was president of the San Francisco Federal Reserve Bank, one of 12 Federal Reserve districts. In 2010, Obama selected her as vice chair of the Fed's board of governors, a position she has held since. |