This is the most expensive rug ever sold. This beautiful seventeenth century Persian rug sold for nearly $34 million today at a Sotheby's auction in New York City.
The current chair is Janet Yellen, who took over for Ben Bernanke on February 3, 2014. There are 12 regional Federal Reserve Banks located in major cities around the country that operate under the supervision of the Board of Governors.
Janet Yellen swears in to testify at her U.S. Senate Banking Committee confirmation hearing in Washington, Nov. 14, 2013. REUTERS/Jason Reed. Janet Yellen is set to become not only the first woman heading the Federal Reserve but also the oldest at 67 years and five months when she assumes the post on Feb. 1, 2014. Her predecessor, Ben Bernanke, was only 52 when he assumed command in 2006.