Obama to name Yellen as Federal Reserve chairman on Wednesday

http://www.washingtonpost.com/business/economy/obama-to-name-yellen-as-federal-reserve-chairman-on-wednesday/2013/10/08/d9a0ac72-306a-11e3-bbed-a8a60c601153_story.html

President Obama on Wednesday will nominate Federal Reserve Vice Chair Janet Yellen to lead the U.S. central bank, officials said, selecting a renowned economist focused on combating unemployment for one of the most powerful positions in the world.
Yellen would become the first female chief of the nation’s central bank — or any major central bank. As Fed chairman, she would have vast power over the economy, and her record suggests that she would use it to continue for as long as possible a Fed stimulus program aimed at boosting growth. She would also be the top regulator of the nation’s financial system, an area in which less is known about her views.

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