Janet Yellen: The next US Federal Reserve chief

President Obama will nominate US Federal Reserve number two Janet Yellen as the next governor of the world's biggest central bank. More of a monetary dove than even outgoing governor Ben Bernake, Yellen's appointment will come as a big boost for India, struggling to raise foreign flows to fund its high current account deficit. ET takes a look at what the appointment of Yellen, 67, who will be the first woman chairman of the Fed in its 100-year history, means for India.

Now: Vice chairwoman of the US Federal Reserve since October 2010 Professor emeritus at the University of California at Berkeley.

Earlier: President & CEO of the Twelfth District Federal Reserve Bank, San Francisco. Member of the Board of Governors of the Federal Reserve System. Served in Clinton administration as Chair of the Council of Economic Advisers. Economist with the Federal Reserve's Board of Governors. Faculty of the London School of Economics and Political Science.

Academic background: PhD in Economics from Yale University. Co-authored The Fabulous Decade: Macroeconomic Lessons from the 1990s.

Personal: Married to George Akerlof: Winner of Economics Nobel in 2001. 

Ref: ET