Yellen Fed Reserve nomination joins list of women as economic power players in US
Possibility of Janet Yellen elected as the US Federal Reserve chief had added her to the list of women who had key roles in the US economy.
Us President Barack Obama had formally nominated Yellen for the position of the most powerful economic policymaker in America on Wednesday. Pundits had seen that although women were mostly left out of the corporate boardroom, they were mostly given roles in shaping the policies and rules governing the US economy.
Yellen, who is the current Fed Reserve vice chairwoman, once elected would reportedly oversee the country's economy at a critical time, said economist and Institute for Women's Policy Research president Heidi Hartmann.
"She's going to have her finger on the pulse of just about every major decision people make: what to buy, what to borrow, where to save, where to work, how to get a job,"Hartmann said.
Ironically, Yellen got an endorsement from men, including third-ranking Senate Democrat US Senator Charles Schumer. Schumer predicted that Yellen would get the Senate's majority vote to approve her election as next head of the Federal Reserve Board.