FUTURE PRIMATE

Obama to nominate Janet Yellen for Fed chief

Obama to nominate Janet Yellen for Fed chief

President Obama is expected Wednesday to nominate Federal Reserve Vice Chair Janet Yellen to lead the central bank, elevating her to the world’s most powerful economic post just as a political showdown in Washington is propelling the nation toward a possible economic crisis.

If confirmed by the Senate, Yellen, 67, would become the first woman to head a major central bank. The Fed’s vice chairman since 2010, she’s known for favoring policies promoting low unemployment as a chief concern of the Fed rather than controlling inflation.

This entry was published on October 9, 2013 at 7:50 pm. It’s filed under Politics and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: