Janet Yellen has been nominated to take over at the Federal Reserve. After a few years as deputy of current chief, Ben Bernanke, she is now set to become the first woman to head America’s central bank, one of the world’s most influential.
US president Barack Obama called her one of the nation’s foremost economists and policy-makers. The question is: will the Fed be any different under Yellen?
She says if her appointment is confirmed by the Senate she will do her best “to promote maximum employment, stable prices and a stable financial system”.
Meanwhile Airbus has broken Boeing’s dominance over the Japanese skies. The European aircraft maker has signed its first contract there, entering a market that its US rival has monopolised for decades.
We discuss all that with Nejra Cehic from Bloomberg in this edition of Business Weekly.