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Wed, Oct 9, 2013 -- 9:00 AM

Janet Yellen Appointed to Head the Federal Reserve


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Peter Parks/Getty Images
U.S. Federal Reserve Vice Chair Janet Yellen speaks at an international monetary conference in Shanghai on June 3, 2013.
Peter Parks/Getty Images
U.S. Federal Reserve Vice Chair Janet Yellen speaks at an international monetary conference in Shanghai on June 3, 2013.

President Obama is expected to nominate UC Berkeley professor emeritus Janet Yellen as the new head of the Federal Reserve on Wednesday. If the Senate approves her nomination, Yellen will succeed Ben Bernanke when his term expires at the end of January. We discuss Yellen's background and what her possible appointment would mean for the Fed and the economy.

Host: Michael Krasny

Guests:

  • Laura D'Andrea Tyson, professor at the Haas School of Business, UC Berkeley; and former chair of President Bill Clinton's Council of Economic Advisers
  • Peter Coy, economics editor, Bloomberg Businessweek

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