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Friday 18 April 2014

Janet Yellen sworn in as first woman Fed chair

Federal Reserve Board Governor Daniel Tarullo (L) applauds new Federal Reserve Board Chairwoman Janet Yellen after administering the oath of office tat the Federal Reserve Board in Washington
Federal Reserve Board Governor Daniel Tarullo (L) applauds new Federal Reserve Board Chairwoman Janet Yellen after administering the oath of office tat the Federal Reserve Board in Washington

Janet Yellen has been sworn in to a term as chair of the US central bank, the Federal Reserve said in a statement.

Yellen succeeds Ben Bernanke to become the first woman to head the Fed. Her term as chair ends February 3, 2018.

The oath was administered by Governor Daniel Tarullo, the Fed said.

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