Yellen to herald open communication

SAN FRANCISCO: Janet Yellen, President Barack Obama's pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication – fitting for someone who once joked that her dinner guests should expect a discussion of economics.

Yellen, a former professor who is currently the Fed's vice chair, has a reputation as one of the central bank's most employment-focused officials and has also been at the forefront of a communications "revolution" at the once-secretive Fed.