News

Obama says Yellen is his choice to take over Fed

Obama says Yellen is his choice to take over Fed

FEDERAL RESERVE: If confirmed, Janet Yellen would be the first woman to lead the Federal Reserve. Photo: Associated Press

WASHINGTON (AP) — President Barack Obama says that in Janet Yellen he’s found a tough and proven leader to take over as chairman of the Federal Reserve.

Yellen currently is No. 2 at the nation’s powerful central bank.

She would succeed outgoing Fed Chairman Ben Bernanke at a pivotal time for the economy and the bank’s monetary policies.

If confirmed by the Senate, the 67-year-old Yellen would be the first woman to head any country’s major central bank.

She emerged as the favorite for the post after former treasury secretary and White House favorite Lawrence Summers withdrew from consideration in the face of mounting opposition to him being Obama’s choice.

Bernanke will serve until his terms ends Jan. 31.

Recent Headlines

in Sports

SUPER BOWL: The big day is here

The Lombardi Trophy sits behind two helmets before a joint coaches news conference for NFL Super Bowl XLIX football game Friday, Jan. 30, 2015, in Phoenix.

Super Bowl XLIX: Kick-off between the Seahawks and Patriots is at 3:30pm. Full coverage on KPUG 1170AM.

in Local

Recent Squalicum grad arrested in Bellingham home invasion

police lights

Police are still looking for two other suspects

in Local Sports

Report: Seahawks offer Marshawn Lynch contract extension

Seattle Seahawks' Marshawn Lynch stretches during a team practice for NFL Super Bowl XLIX football game, Friday, Jan. 30, 2015, in Tempe, Ariz. The Seahawks play the New England Patriots in Super Bowl XLIX on Sunday, Feb. 1, 2015.

Report claims Seattle is offering a big contract extension that would keep Beast Mode with the team for "years to come".

in Entertainment

Jimmy Fallon set for Super Bowl Sunday show in Phoenix

File Photo: Jimmy Fallon at the Serpentine Gallery Summer Party held at Kensington Gardens - Arrivals. June, 2013.  Credit: WENN.com

The host of NBC's "The Tonight Show" is set to wage a lip sync contest with actors Will Ferrell and Kevin Hart during a special post-game episode at the Orpheum Theater in Phoenix.

in Sports

Djokovic wins 5th Australian Open title, denies Murray a 1st

Novak Djokovic, of Serbia, celebrates after defeating Andy Murray, of Britain, 7-6 (1), 6-7 (1), 6-2, 6-4 in the quarterfinals of the U.S. Open tennis tournament Thursday, Sept. 4, 2014, in New York.

DENNIS PASSA, AP Sports Writer MELBOURNE, Australia (AP) — Novak Djokovic won his fifth Australian Open title and extended Andy…