The White House has leaked the news that President Obama will indeed name Janet Yellen as the next chairperson of the Federal Reserve Board of Governors. Should she be confirmed, she will be the first woman to hold the position. Of course, it would be foolish to depend on Congress to do anything these days, but I suspect her chances of getting confirmed are quite good.
Last month, I wrote a profile piece on Yellen. Take a look at it before the President announces her nomination tomorrow afternoon:
A WOMAN ON THE MOVE (click to follow link)