The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

This Afternoon

Hi38° Rain

Tonight

Lo37° Rain

Sunday

Hi46° Chance Rain

Sunday Night

Lo35° Slight Chc Rain

Monday

Hi42° Mostly Sunny

Monday Night

Lo33° Slight Chc Rain

Tuesday

Hi42° Chance Rain

Tuesday Night

Lo33° Slight Chc Rain

Wednesday

Hi38° Chance Rain

Wednesday Night

Lo26° Chance Snow

Obama settles on nominee for Fed job

Send to Kindle
Print This

WASHINGTON — Capping a lengthy and politically charged search, President Barack Obama is nominating Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed’s monetary policies.

If confirmed by the Senate, Yellen would be the first woman to head any country’s major central bank anywhere in the world. She also would be the first Democrat chosen to lead the Fed since Paul Volcker was picked by President Jimmy Carter in 1979. France’s Christine Lagarde heads the International Monetary Fund.

View my optionsorSign in