Janet Yellen,
Media playback is unsupported on your device
Video

Yellen 'honoured' by US Federal Reserve nomination

Janet Yellen, who has been nominated by President Obama to head the Federal Reserve, said she was honoured and humbled at the faith he had placed in her.

Ms Yellen said if confirmed by the Senate, she would do her utmost "to promote maximum employment, stable prices and a strong and stable financial system".

Go to next video: Obama nominates Yellen as Fed boss