Obama to name Yellen as next Fed chair on Wednesday: White House

WASHINGTON Tue Oct 8, 2013 7:56pm EDT

Federal Reserve Vice Chair Janet Yellen addresses the 29th National Association for Business Economics Policy Conference in Washington March 4, 2013. REUTERS/Gary Cameron

Federal Reserve Vice Chair Janet Yellen addresses the 29th National Association for Business Economics Policy Conference in Washington March 4, 2013.

Credit: Reuters/Gary Cameron

WASHINGTON (Reuters) - President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, a White House official said on Tuesday.

If confirmed, Yellen would replace Ben Bernanke, whose current term as head of the Fed ends in January. Obama is due to make the announcement at the White House at 3 p.m.

(Reporting By Mark Felsenthal and Jeff Mason; Editing by Stacey Joyce)

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Comments (2)
SanPa wrote:
Time to impeach the president … this appointment will be the last straw.

Oct 08, 2013 7:10pm EDT  --  Report as abuse
prolibertate wrote:
Obama will choose a pre-chosen by the bankster’s candidate to be the head of the unconstitutional Federal Reserve bankster cartel. How is this news?!

Oct 08, 2013 7:14pm EDT  --  Report as abuse
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