President Obama Announces Janet Yellen As His Choice To Chair Federal Reserve

WASHINGTON, DC - OCTOBER 09: U.S. President Barack Obama shakes hands with Janet Yellen during a press conference to nominate her to head the Federal Reserve in the State Dining Room at the White House on October 9, 2013 in Washington, DC. If confirmed Yellen would be the first woman to lead the worlds most powerful central bank, replacing Ben Bernanke. Yellen was appointed vice chair in October 2010. She was president and CEO of the Federal Reserve Bank of San Francisco from 2004 to 2010 and also served as chair of the Council of Economic Advisors from 1997 to 1999. (Photo by Chip Somodevilla/Getty Images)