Ben Bernanke

Yellen lands new job at Brookings Institution

Federal Reserve Chair Janet Yellen , the first woman to head the nation's central bank, got a boisterous send-off from Fed staff, but she isn't taking any time off. After her last day at the Fed on Friday, she will start a new job Monday at the Brookings Institution .

The Washington think tank announced that Yellen will be joining the institution's Hutchins Center on Fiscal and Monetary Policy as a distinguished fellow in residence. One of her colleagues will be her predecessor, former Chairman Ben Bernanke , who joined Brookings in 2014 when he stepped down from the Fed.

In an interview on her last day, Yellen said for the first time publicly that she was...