In 2004, Yellen became president of the Federal Reserve Bank of San Francisco, which she helped transform from a sleepy outpost into a center of macroeconomic research. “People became much more ambitious when she got there,” says Justin Wolfers, a visiting scholar. Yellen continued her tradition of standing in the cafeteria lunch line with the proletariat and eating with the staff, which was unheard of at the time. [BusinessWeek]

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