And how is Wall Street reacting to the White House's announcement?

A look at the life and career of President Obama's nominee for chair of the Fed.

There are reports that President Obama will nominate Janet Yellen as the next chair of the Federal Reserve on Wednesday.

Despite the government shutdown, a new $100 bill begins circulating on Tuesday.

The current vice chairwoman of the Fed could become what is arguably the most powerful financial policy job in the world.

You've heard of the Federal Reserve. You've heard of Ben Bernanke. You know that they're important. But do you know how the Fed's decisions directly affect your wallet?

Economists had expected the Fed to scale back its bond-buying program. Economists were wrong.

About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.

Experts predicted the Fed would reduce bond buying, but economic concerns means that the stimulus will continue.