Obama nominates Janet Yellen as the next head of US Federal Reserve Board

October 11, 2013

Ms Janet L. Yellen as the new head of the Federal Reserve Board. She will replace Ben Bernanke as Chair of the Federal Reserve Board. Prior to her nomination, Yellen served as vice Chairman of the Board of Governors of the Federal Reserve System. She would be the first woman to lead the Federal Reserve Board and also the first Democrat to head the Board since 1979.