Yellen leads picks for Fed seat (Reuters)

The US Federal Reserve Building is seen from the air over Washington, DC. The US economy continued to expand modestly on the back of consumer spending but the labor market remained bleak, the Federal Reserve said in its Beige Book report Wednesday.(AFP/File/Saul Loeb)Reuters - San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.