Wed, 09 Oct 2013 09:48:05 GMT
Yellen to be nominated as Fed Chairman
The U.S. President Obama will name Janet Yellen as the next Chairman of the Fed, meaning that the nation's central bank will be led by the woman for the first time in its history. The event will be held at 3 p.m. today Washington time, according to a White House official's statement. The Fed Chairman Ben Bernanke's term expires on