Janet Yellen is slated to serve as the next chair of the Federal Reserve, making her the first woman to head the central bank in its 100-year history. But Yellen is only one of many powerful women in the world.
Each year, Forbes ranks the most powerful women in the world based on both the traditional classifications of power (political and economic might) and those who have risen to the top of the social and cultural landscape.
Here's a look at the world's most powerful women of 2013.
15. Meg Whitman. CEO, Hewlett-Packard.
14. Ursula Burns. Chairman and CEO, Xerox.
13. Oprah Winfrey. Entrepreneur, Personality.
12. Virginia Rometty. President and CEO, IBM.
11. Geun-hye Park. President, South Korea.
10. Indra Nooyi. Chairman and CEO, PepsiCo.
9. Sonia Gandhi. President, Indian National Congress, India.
8. Janet Napolitano. Secretary, Department of Homeland Security, United States.
7. Christine Lagarde. Managing Director, International Monetary Fund.
6. Sheryl Sandberg. COO, Facebook.
5. Hillary Clinton. Philanthropist, Former U.S. Secretary of State.
4. Michelle Obama. First Lady, United States.
3. Melinda Gates. Co-Chair, Bill & Melinda Gates Foundation.
2. Dilma Rousseff. President, Brazil.
1. Angela Merkel. Chancellor, Germany. The world's No. 1 most powerful woman has earned the top spot on the Forbes list of Most Powerful Women In The World for seven of the past 10 years.
Click here to get the full list of the world's most powerful women.
Click here to get People magazine's 2013 'Most Beautiful Women' list.
Some Santa Barbara water users are expected to pay big bills after July 1, if they don't cut back. The rate increase is expected to be approved in June and the goal is to encourage residents to save what's left of the city's supply during the serious drought.