Janet Yellen sworn in as first female US Federal Reserve chairman

Federal Reserve Vice Chairman Janet Yellen (right) is sworn as Federal Reserve Chairman by Federal Reserve Board Governor Daniel Tarullo at the Federal Reserve Building, on Monday, Feb 3, 2013 in Washington, DC. Ms Janet Yellen was sworn in on M
Federal Reserve Vice Chairman Janet Yellen (right) is sworn as Federal Reserve Chairman by Federal Reserve Board Governor Daniel Tarullo at the Federal Reserve Building, on Monday, Feb 3, 2013 in Washington, DC. Ms Janet Yellen was sworn in on Monday to a term as chairman of the United States central bank, the Federal Reserve said in a statement. -- PHOTO: AFP

WASHINGTON (Reuters) - Ms Janet Yellen was sworn in on Monday to a term as chairman of the United States central bank, the Federal Reserve said in a statement.

Ms Yellen succeeds Ben Bernanke to become the first woman to head the Fed. Her term as chairman ends February 3, 2018.

The oath was administered by Governor Daniel Tarullo, the Fed said.