Statement by Federal Reserve Board Chairman Bernanke on the nomination of Vice Chair Yellen by President Obama

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 9, 2013. It is reproduced in full below.

Statement by Federal Reserve Board Chairman Ben S. Bernanke: President Obama has made an outstanding choice in nominating my colleague and friend Janet Yellen to chair the Federal Reserve Board. Janet is exceptionally well qualified for the position, with stellar academic credentials and a strong record as a leader and a policymaker.

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Source: Board of Governors of the Federal Reserve System