President Obama nominates Dr. Janet Yellen to succeed Ben Bernanke as Chair of the Board of Governors of the Federal Reserve. Obama reflects on economic successes over the last five years. He thanks outgoing Federal reserve Chair Ben Bernanke and comments on Bernanke's accomplishments. Obama talks about the qualifications of Janet Yellen that make her a good choice to succeed Bernanke and calls on the Senate to confirm her quickly. Yellen says she is "honored and humbled" by the President's trust and describes the responsibilities of the Fed Chair as serving the American public. Yellen is the first female nominee to lead the Federal Reserve.
Read
