NOW With Alex Wagner 10/09/13

Yellen to be announced as pick for Fed chair

President Barack Obama is to announce Janet Yellen as his pick to head the Federal Reserve when current Chairman Ben Bernanke steps down in January. If confirmed, Yellen would become the first female to run the central bank. CNBC’s Eamon Javers joins the NOW panel to discuss. ... more Duration: {{video.duration.momentjs}}