Barack Obama

Who was the chairman of the Federal Reserve in 2010?

As it did throughout 2008, the unemployment rate rose in 2009, reaching a peak in October at 10.0% and averaging 10.0% in the fourth quarter. Following a decrease to 9.7% in the first quarter of 2010, the unemployment rate fell to 9.6% in the second quarter, where it remained for the rest of the year. Between February and December 2010, employment rose by 0.8%, which was less than the average of 1.9% experienced during comparable periods in the past four employment recoveries. By November 2012, the unemployment rate fell to 7.7%, decreasing to 6.7% in the last month of 2013. During 2014, the unemployment rate continued to decline, falling to 6.3% in the first quarter. GDP growth returned in the third quarter of 2009, expanding at a rate of 1.6%, followed by a 5.0% increase in the fourth quarter. Growth continued in 2010, posting an increase of 3.7% in the first quarter, with lesser gains throughout the rest of the year. In July 2010, the Federal Reserve noted that economic activity continued to increase, but its pace had slowed, and chairman Ben Bernanke said the economic outlook was "unusually uncertain." Overall, the economy expanded at a rate of 2.9% in 2010.


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  • On March 11, 2009, Obama created the White House Council on Women and Girls, which formed part of the Office of Intergovernmental Affairs, having been established by Executive Order 13506 with a broad mandate to advise him on issues relating to the welfare of American women and girls. The council was chaired by Senior Advisor to the President Valerie Jarrett. Obama also established the White House Task Force to Protect Students from Sexual Assault through a government memorandum on January 22, 2014, with a broad mandate to advise him on issues relating to sexual assault on college and university campuses throughout the United States. The co-chairs of the Task Force were Vice President Joe Biden and Jarrett. The Task Force was a development out of the White House Council on Women and Girls and Office of the Vice President of the United States, and prior to that the 1994 Violence Against Women Act first drafted by Biden.

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  • On August 23, Obama announced his selection of Delaware Senator Joe Biden as his vice presidential running mate. Obama selected Biden from a field speculated to include former Indiana Governor and Senator Evan Bayh and Virginia Governor Tim Kaine. At the Democratic National Convention in Denver, Colorado, Hillary Clinton called for her supporters to endorse Obama, and she and Bill Clinton gave convention speeches in his support. Obama delivered his acceptance speech, not at the center where the Democratic National Convention was held, but at Invesco Field at Mile High to a crowd of approximately 84,000 people; the speech was viewed by over 38 million people worldwide.

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  • The inauguration of Barack Obama as the 44th President took place on January 20, 2009. In his first few days in office, Obama issued executive orders and presidential memoranda directing the U.S. military to develop plans to withdraw troops from Iraq. He ordered the closing of the Guantanamo Bay detention camp, but Congress prevented the closure by refusing to appropriate the required funds and preventing moving any Guantanamo detainee into the U.S. or to other countries. Obama reduced the secrecy given to presidential records. He also revoked President George W. Bush's restoration of President Ronald Reagan's Mexico City policy prohibiting federal aid to international family planning organizations that perform or provide counseling about abortion.

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  • Despite being offered a full scholarship to Northwestern University School of Law, Obama enrolled at Harvard Law School in the fall of 1988, living in nearby Somerville, Massachusetts. He was selected as an editor of the Harvard Law Review at the end of his first year, president of the journal in his second year, and research assistant to the constitutional scholar Laurence Tribe while at Harvard for two years. During his summers, he returned to Chicago, where he worked as a summer associate at the law firms of Sidley Austin in 1989 and Hopkins & Sutter in 1990. After graduating with a JD degree magna cum laude from Harvard in 1991, he returned to Chicago. Obama's election as the first black president of the Harvard Law Review gained national media attention and led to a publishing contract and advance for a book about race relations, which evolved into a personal memoir. The manuscript was published in mid-1995 as Dreams from My Father.

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  • Obama cosponsored the Secure America and Orderly Immigration Act. He introduced two initiatives that bore his name: Lugar–Obama, which expanded the Nunn–Lugar Cooperative Threat Reduction concept to conventional weapons; and the Federal Funding Accountability and Transparency Act of 2006, which authorized the establishment of USAspending.gov, a web search engine on federal spending. On June 3, 2008, Senator Obama—along with Senators Tom Carper, Tom Coburn, and John McCain—introduced follow-up legislation: Strengthening Transparency and Accountability in Federal Spending Act of 2008.

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