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updated 1:06 AM EST, Fri March 12, 2010
United States
Obama to tap Yellen for Fed vice chair: source (Reuters)
The US Federal Reserve Building is seen from the air over Washington, DC. The US economy continued to expand modestly on the back of consumer spending but the labor market remained bleak, the Federal Reserve said in its Beige Book report Wednesday.(AFP/File/Saul Loeb)Reuters - U.S. President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
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