Janet Yellen to be first woman to head U.S. Fed Reserve

Janet YellenThe U. S. Federal Reserve is going to exit the list of top power institutions in the country where the top position has never been held by a woman.

President Barack Obama's administration has nominated Janet Yellen to run the central bank.

Yellen remained the governor and president of the Federal Reserve Bank of San Francisco from 1994 to 1997 and from 2004 to 2010, respectively. Currently, she is the vice chairman of the Federal Reserve.

She is going to be the first woman to be the chairperson of the Federal Reserve. But, she is not the world's first woman to head a central bank. A number of countries have already positioned women as the heads of their respective central banks.

Argentina, Honduras and El Salvador in Latin America; Cameroon and Botswana in Africa, and Russia have already nominated women to run their central banks.

The list of top power positions in the US government that have never been held by a woman includes the president, vice president and chief of the Supreme Court.