Janet Yellen to be named Fed chair on Wednesday: White House
After months of speculation, it's official: Janet Yellen will be the next chair of the Federal Reserve, succeeding Ben Bernanke, the White House said late Tuesday. ● President Obama will make the announcement on Wednesday at 3pm ET, the White House said. Both Janet Yellen and current Fed chair Ben Bernanke are expected to attend. That announcement will be right after the Fed releases the minutes from its last meeting, due out at 2pm ET. Dow and S&P futures shot higher following the announcement, pointing to a higher open on Wall Street Wednesday.
Why are Americans totally oblivious to the fact that “their” Federal Reserve Bank is Jewish?
The Globe and Mail: Why Janet Yellen is the right person to lead the Fed
The Independent: Obama to nominate current vice chair Janet Yellen as next head of the Fed