U.S. President Barack Obama nominated Janet Yellen to serve as the next head of the Federal Reserve.

Here are five points about Obama’s choice:

Most experienced Fed chair in history

Yellen’s background includes serving three years as vice chair and head of the San Francisco Fed.

Crystal ball accurately predicts economy’s future 

She was one of the few economists that predicted the 2007 recession.

Sympathetic to targeting nominal GDP instead of inflation 

The untested policy is said to make economic slumps, “a thing of the past.”

Tough regulator of financial sector 

Yellen supports strict capital requirements for banks and is risk-averse.

Believes Fed’s goal is maximum employment 

She’s a hawk when it comes to joblessness and won’t be afraid to target inflation.

Read more here:http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/09/nine-amazing-facts-about-janet-yellen-our-next-fed-chair/