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    Obama names Janet Yellen as new Federal Reserve chief to...

    euronews (in English)

    by euronews (in English)

    President Barack Obama has announced his nomination for the new head of the Federal Reserve.

    If confirmed by Congress, Janet Yellen will take over the running of the US central bank.

    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.