Janet Yellen Follows Ben Bernanke As Fed Chief

Posted: Oct 9 2013, 7:35am CDT | by , Updated: Oct 9 2013, 7:53am CDT, in Other Stuff


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Janet Yellen follows Ben Bernanke as Fed Chief
Photo Credit: Getty Images

Ben Bernanke will step down as Fed Chief in January. President Obama will nominate Janet Yellen.

Janet Yellen would be the first woman to head the Federal Reserve Bank. She has been the Vice President of the Fed since 2010. The Senate will still need to confirm Obama's nomination. Bloomberg has a piece about what the Janet Yellen as Chairman of the Federal Reserve Bank would mean for America.

Ben Bernanke has been at the helm of the Fed for the past 8 years. Time flies. It almost feels like yesterday that Alan Greenspan was Chairman of the Fed.

Obama will make the nomination of the announcement this afternoon.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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