Obama to nominate Yellen as Fed chairman later today
President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, the first female leader in its 100-year history.
President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, which would put the world’s most powerful central bank in the hands of a key architect of its unprecedented stimulus program and the first female leader in its 100-year history.
Obama will announce the nomination at 3pm today in Washington, a White House official said in an e-mailed
statement. Yellen, 67, would succeed Ben S. Bernanke, whose term expires on...
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