Yellen sworn in as US Fed chair

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JanetYellenOath Reuters. Federal Reserve Board Chairwoman Janet Yellen takes the oath of office as the new chair of the Federal Reserve Board of Governors at the Federal Reserve Board headquarters in Washington, February 3, 2014.

Washington - Janet Yellen has been sworn in to succeed Ben Bernanke, becoming the first woman to lead the Federal Reserve in its 100-year history.

Yellen, who was confirmed by the US Senate last month, was sworn in by Fed Governor Daniel Tarullo, the senior member of the Fed's seven-member board.

She took the oath in a brief ceremony Monday in front of a fireplace in the Fed's massive board room.

Her husband, Nobel-winning economist George Akerloff, was present as were other Fed board members and Fed staff.

The 67-year-old Yellen made no remarks at her swearing in but did smile to acknowledge the applause of the assembled group.

Nominated by President Barack Obama on October 9, her four-year term as chairman will end on February 3, 2018. - Sapa-AP



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