Obama To Nominate Yellen As Fed Chair

Oct. 8, 2013 – President Barack Obama on Wednesday will announce that he has selected Janet Yellen as his nominee to be the next chair of the Federal Reserve, the White House announced Tuesday. If confirmed, it would make Yellen the first woman to lead the U.S. central bank. PICTURED: May 9, 2005 – San Francisco, California, U.S. – JANET YELLEN poses for a photo at the Federal Reserve Bank. Yellen served as president and chief executive officer of the Federal Reserve Bank of San Francisco from 2004-2011. Dr. Yellen is currently the Vice Chair of the Board of Governors of the Federal Reserve System. (Credit Image: © Nader Khouri/MCT/ZUMAPRESS.com)

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