President Barack Obama has announced his nomination for the new head of the Federal Reserve.<br /><br />If confirmed by Congress, Janet Yellen will take over the running of the US central bank.<br /><br />It will be the first time in the bank's 100-year history that a woman has become its chairperson. The 67-year-old is a respected economist and will replace Ben Bernanke who steps down in January.<br />...<br />http://www.euronews.net/
