Janet Yellen presto sworn in as new President of the FED
Through a press release, the Central Bank of the United States announced Janet Yellen as the new President the U.S. Federal Reserve (Fed).
Yellen, 67, who assume the occupation of Ben Bernanke, was sworn in during a ceremony in the headquarters of the Fed in Washington before the staff of the Bank, and her husband, George Akerlof, Nobel Prize in economics.
The new President took office a moment of great uncertainty for the American market and was received with coldness on Wall Street since Dow Jones began February with a fall of 2.08%.
The bad data joined other factors that led over the past month and show the vulnerability of the market and doubts about the recovery.
Yellen will become the first woman to chair the institution in its hundred years of existence. She will also be the first Democrat in after the departure of Paul Volcker in 1987.