Janet Yellen Officially Nominated to Succeed Ben Bernanke as Fed Chief

The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and David Hanson dissect the hardest-hitting investing stories of the day.

After many weeks of rumors, President Obama has officially nominated Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve. Yellen would be the first woman in history to be named to the post. In today's lead story on Investor Beat, Bryan and David compare Yellen to Bernanke and discuss what the Fed should mean to investors.

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