President Obama nominates Brooklyn native Dr. Janet Yellen as Federal Reserve chair

The first female to become the chair of the Federal Reserve will likely be a Brooklyn native. President Barack Obama has nominated Dr. Janet Yellen,

President Barack Obama has nominated Dr. Janet Yellen, who is originally from Bay Ridge and is a graduate of Fort Hamilton High School.

President Barack Obama has nominated Dr. Janet Yellen, who is originally from Bay Ridge and is a graduate of Fort Hamilton High School. (10/9/13)

BROOKLYN - The first female to become the chair of the Federal Reserve will likely be a Brooklyn native.

President Barack Obama has nominated Dr. Janet Yellen, who is originally from Bay Ridge and is a graduate of Fort Hamilton High School.

Yellen went on to attend Brown University and Yale, and is currently serving as vice chair of the Federal Reserve.

"I'm honored and humbled by the faith that you've placed in me," Yellen said at the White House. "If confirmed by the Senate, I pledge to do my utmost to keep that trust and meet the great responsibilities that Congress has entrusted to the Federal Reserve."

If confirmed by the U.S. Senate, Yellen will replace Ben Bernanke, who is ending his eight-year term in the position.

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