Obama to Nominate Yellen to Succeed Bernanke as Fed Chair

Posted on 10/09/2013

U.S. President Barack Obama on Wednesday will nominate Janet Yellen as the next chair of the Federal Reserve System, according to a White House official. Yellen aged 67, would replace Ben Bernanke, who would be leaving after two terms as chair. Yellen would need to be confirmed by the U.S. Senate – Democrats have majority […]