The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. October 9, 2013 Obama Picks Yellen to Head Federal Reserve ------------------------------------------- President Obama has tapped Janet Yellen as the next chair of the Federal Reserve. Yellen currently serves as the Fed's Vice-Chair under current head Ben Bernanke, whose term ends in January. Yellen will be the first woman to serve in the position. A formal announcement is expected today. .