Yellen’s first day as Fed head

Today is Janet Yellen’s first at the helm of the Federal Reserve.

While she’s technically had all the powers of the Fed chair since Ben Bernanke ended his term on Feb. 1, she is being officially sworn in by senior member of the Fed board governor Daniel Tarullo this morning.

Yellen, 67, is the first women to become head of the Federal Reserve. She is leaving her old post as the Fed’s vice chair.

As head, she’ll be busy overseeing the Fed’s future taper decisions, and managing interest rate and inflation worries.

She is expected to continue the Fed’s policy of maintaining low interest rates while scaling back its stimulus programs as the economy improves.

Here’s what you need to know about Yellen:

9 things to know about Yellen

Janet Yellen: the teenage years

Yellen defends Fed’s stimulus policies

U.S. should focus on boosting employment

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.