US President Barack Obama announces his nomination of Janet Yellen to be Chair of the Board of Governors of the Federal Reserve System

epa03903764 US President Barack Obama (C) announces his nomination of Janet Yellen (L) to replace Ben Bernanke (R) as Chair of the Board of Governors of the Federal Reserve System, in the State Dining Room of the White House, in Washington DC, USA, 09 October 2013. If confirmed by the Senate, Janet Yellen would become the first female Fed chief in its one hundred year history. She would also be the first Democrat to fill the position since 1987. Yellen is currently serving as the Vice Chairwoman of the Federal Reserve. EPA/MICHAEL REYNOLDS