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WASHINGTON (Reuters) – President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen to be vice chairman of the central bank, a source familiar with the process said on Thursday.
Yellen, reached by telephone, declined to comment. Neither the U.S. Treasury Department nor the White House were immediately available for comment.
Yellen, considered one of the more dovish Fed policymakers, would replace Donald Kohn, who announced earlier this month that he would retire in late June. The nomination would be subject to Senate approval.
where it left off with the experience and quiet wisdom," he said.
The source said the administration also was vetting a number of other candidates in case any of its top picks fell through.
Board in Washington between 1994 and 1997.
NEW YORK – The Internet has gotten its way: Betty White will host "Saturday Night Live."
NBC said Thursday that the 88-year-old actress will host the show May 8. "SNL" executive producer Lorne Michaels says he can’t think of a better way to spend Mother’s Day weekend than with White.
The announcement followed a campaign on Facebook urging the sketch show to make White a host. The group attracted nearly half-a-million supporters.
White, whose starring roles include "The Golden Girls," was given a lifetime achievement award at the Screen Actors Guild Awards in January.
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