Yellen Says She'll Leave Fed Once Powell Sworn in as Chairman

Federal Reserve Chair Janet Yellen, the first woman to lead the U.S. central bank, says she will step down from its Board of Governors once her successor is sworn into office, resolving a key question as to whether she would stay on in a diminished role.

President Donald Trump has nominated Jerome Powell to replace Yellen, 71, when her term ends in February, though his chairmanship is still subject to Senate confirmation. That move bucked a long-standing tradition of presidents reappointing their predecessor’s Fed pick.

https://www.yahoo.com/finance/news/yellen-says-shell-leave-fed-190024986.html