WASHINGTON Janet Yellen was sworn in Monday to a term as chair of the U.S. central bank, the Federal Reserve said in a statement.
Yellen succeeds Ben Bernanke to become the first woman to head the Fed. Her term as chair ends February 3, 2018.
The oath was administered by Governor Daniel Tarullo, the Fed said.
(Reporting By Margaret Chadbourn; Editing by Chizu Nomiyama)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article