February 3, 2014
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 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.