Federal Reserve Board Governor Tarullo applauds new Federal Reserve Board Chairwoman Yellen after administering the oath of office at the Federal Reserve Board in WashingtonWASHINGTON (Reuters) – Janet Yellen was once sworn in Monday to a term as chair of the U.S. critical financial institution, the Federal Reserve said in a remark. Yellen succeeds Ben Bernanke to become the first girl to head the Fed. Her time period as chair ends February three, 2018. The oath was once administered by way of Governor Daniel Tarullo, the Fed mentioned. (Reporting By way of Margaret Chadbourn; Enhancing with the aid of Chizu Nomiyama)