ELI5: Explain Like I'm 5

Janet Yellen

Okay kiddo, let me tell you about Janet Yellen. She is a very smart lady who knows a lot about money. In fact, she used to be the boss of all the money in the United States! That's right, she was the head of a big group of important people who make sure that our money works well and that we don't lose it.

Her job was to figure out how much money we need to have in the country, how much we can borrow, and how much we can spend. She's like the boss of our piggy bank, but on a much bigger scale!

Janet Yellen was the first woman to ever hold this important job, and she was very good at it. She's also really good at talking to people and explaining things, which is why a lot of people like her.

Overall, Janet Yellen is a very important person who helps make sure our money works well and that we can keep having fun and buying the things we need.