Obama nominates officialy Janet Yellen as new Federal Reserve chairwomen

FXstreet.com (San Francisco) - Barack Obama proposed vice-chair Janet Yellen to be the next head of the US Federal Reserve and to lead the exit strategies that the US central bank would take in the incoming months.

Yellen said in a posterior statement that "the [US] economy is stronger and the financial system sounder" than six years ago. However, "while we have made progress, we have farther to go." In addition, She affirmed that "the Fed must have vigorous debate, then unite behind response."

In a press release, Ben Bernanke affirmed that the Janet Yellen "is exceptionally well qualified for the position, with stellar academic credentials and a strong record as a leader and a policymaker."