Janet Yellen becomes the first wome chief of Federal Reserve Bank of US
Janet Yellen (67) has been confirmed as the new chief of the Federal Reserve Bank of the US. With this, she has become the first woman to head the world’s most powerful central bank.
Yellen who was earlier nominated by President Barack Obama was elected with the 56-26 vote in the US senate voting.
Yellen will replace current chairman Ben Bernanke, who steps down on January 31, 2014 after 8 years in this service, during which the pair tackled the country’s worst economic crisis since the Great Depression.