Q: In 2014, who became the first woman to chair the Federal Reserve?

A: Janet Yellen. On October 9, 2013, Janett Yellen was officially nominated to replace Ben Bernanke as head of the Federal Reserve and made history as she took office on February 3, 2014 as the first female Chair of the Federal Reserve. Prior to her appointment as Chair, Yellen served as the Vice-chair of the Federal Reserve from 2010.