When Janet Yellen became chair of the Council of Economic Advisers in 1997, her husband, economic Nobel laureate George Akerlof, took full leave from his tenured post in Berkeley University’s economics department to support her career. Though he had taken over “household duties” when Yellen was named to the Federal Reserve’s Board of Governors several years earlier, he felt his role in “providing psychological support in the daily political storms was yet more important” during her White House tenure, he wrote in his biography for the Nobel prize.Time to dust off those psychological support skills. Yellen, with her warm smile and demure stature, returns to the White House as Treasury Secreta
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