New Fed Chair Means Same Fed Policy

President Obama will nominate Janet Yellen to become the first female head to chair the Federal Reserve (Fed). Currently, Dr. Yellen serves as the vice chair of the Fed. She has a distinguished career in central banking, dating back to 1977 when she served as an economist for the Fed. Dr. Yellen served as the chairwoman of the White House Council of Economic Advisers under President Clinton and as chairwoman of the Economic Policy Committee of the Organisation for Economic Co-operation and Devel...