Janet Yellen: President Barack Obama

President Barack Obama: Fischer would succeed Janet Yellen, who was confirmed by the Senate on Monday to lead the Fed after Chairman Ben Bernankes term expires at the end of this month. More Related to this Story, according to Globe and Mail. U.S. jobless claims fall as labour market firms President Barack Obama on Friday nominated former Bank of Israel governor and experienced crisis manager Stanley Fischer to be vice-chairman of the Federal Reserve, and tapped two others to round out the U.S. central banks top ranks just as it begins winding down its historic economic stimulus. Most Fed officials backed tapering decision (www.immigrantscanada.com). As reported in the news.