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Janet Yellen sworn in as Federal Reserve chair

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

Martin Crutsinger   Washington     Last Updated: February 3, 2014  | 20:20 IST
Janet Yellen sworn in as Federal Reserve chair
Janet Yellen

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 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 on 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.

(AP)

 

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