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    Yellen Resigns From Fed Board After Being Passed Over To Keep Top Post

    Janet Yellen says she'll step down from the Federal Reserve Board when her successor as chair is sworn in. Earlier this month, President Trump named Jerome Powell to be the next Fed chairman.
    by John Ydstie Nov 20, 2017 1 minute
    Fed Chair Janet Yellen on Monday submitted her resignation from the Federal Reserve Board. Earlier this month, President Trump named Jerome Powell to be the next Fed chair.

    Federal Reserve Chair Janet Yellen today announced that she will resign from the Federal Reserve Board once her successor, Jerome Powell, is sworn in.

    Yellen is the first woman to serve as Fed chair. While her

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