The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Overnight

Lo40° Mostly Clear

Friday

Hi61° Breezy

Friday Night

Lo39° Partly Cloudy

Saturday

Hi65° Partly Sunny

Saturday Night

Lo42° Partly Cloudy

Sunday

Hi66° Partly Sunny

Sunday Night

Lo47° Mostly Cloudy

Monday

Hi68° Cloudy

Monday Night

Lo45° Chance Showers

Tuesday

Hi62° Chance Showers

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