Marketplace Morning Report for Wednesday, October 9, 2013
The White House confirmed this morning that President Obama will nominate Janet Yellen as chairwoman of the Federal Reserve. If she is confirmed by Congress, she will be the first woman to hold that position. Yellen is currently the Fed's vice chairwoman and a former member of Bill Clinton's Council of Economic Advisers We'll find out who she is, and also take a look at the legacy of Ben Bernanke, the man she will potentially be replacing. Also, Walmart experiences a major setback in its quest to become a retail giant in India.