Janet Yellen will land at the Brookings Institutions' Hutchins Center on Fiscal and Monetary Policy after her tenure as Federal Reserve chairman wraps up this week.
Yellen will be replaced by Trump appointee Jerome Powell, who is set to be sworn in as chairman Monday morning.
Yellen made her goodbyes at the central bank Friday, finishing off a career within the Fed that began in the late 1970s as a staffer at the Board of Governors.
“I’m delighted to be joining the Brookings Institution," Yellen said in a statement provided by the think tank. "I look forward to continuing to study the economy, especially issues related to the labor market, and contributing to public policy debates on a range of economic issues."
At Brookings, Yellen will rejoin fellow former Fed chairman Ben Bernanke, who has been working and blogging there since leaving the Fed. Bernanke also consult for financial firms.
Although Yellen's term as chairwoman ran out this weekend, she could have remained at the Fed as a member of the Board of Governors through 2024. Instead, she opted to leave and move to the think tank.