Janet Yellen named to lead key US Federal Reserve panel

The Federal Reserve’s key monetary policy-making panel, the Federal Open Market Committee, officially chose income Fed chief Janet Yellen as its chair.

Janet Yellen named to lead key US Federal Reserve panel

One day after outgoing Fed Chairman Ben Bernanke oversaw his final FOMC meeting, the Fed said the panel had unanimously selected Yellen to replace him.

Bernanke ends his eight-year tenure on Friday, having presided over the world’s most powerful central bank during the deepest economic crisis since the 1930s.

Janet Yellen named to lead key US Federal Reserve panel by