Janet Yellen, chairman of the Federal Reserve, will join the Washington-based research center on Monday after the end of her presidency of the US central bank, the Brookings Institution said in a statement. "I am happy to join" Brookings, the statement quoted Helen as saying.
Yelen led the Fed to move away from the near-zero interest rates adopted by the US central bank to help restore the economy and stimulate job growth after a recession from 2007 to 2009.
The four-year term of the Yellen presidency of the Federal Reserve ends on Saturday.
It will be replaced by Jerome Powell, a member of the board of governors of the Federal Reserve, who is expected to stick to the policies adopted by Yelin.
Yelen previously said she would step down from the Fed's board of governors after her term ends.
The Federal Reserve said on Wednesday that Powell would become the new president of the central bank on Saturday and will be officially sworn in on Monday.
In Brookings, Yelen will join Ben Bernanke, former chairman of the Federal Reserve.
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