Yellen warns inflation may lag recovery

Obama to pick Yellen to replace Ben Bernanke as the head of the US Federal Reserve...epa03902637 (FILE) A file photo dated 10 October 2012 showing Janet Yellen, Vice Chair of the US Federal Reserve System, attending a seminar on 'Sovereign Risk, Capital Markets, and Financial Stability: The Interconnections' during the International Monetary Fund (IMF) and the World Bank Annual Meetings in Tokyo, Japan. US president Barack Obama will pick Fed vice chairwoman Janet Yellen to replace Ben Bernanke as the head of the US Federal Reserve, according to media reports on 08 October 2013. Bernanke's tenure as Fed chairman expires in January. EPA/FRANCK ROBICHON

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