Yellen confirmed by U.S. Senate to become 15th Fed chairman
January 6, 2014 by Kathleen Hunter
Bloomberg) — Janet Yellen won U.S. Senate confirmation to become the 15th chairman of the Federal Reserve and the first woman to head the central bank in its 100-year history.
Yellen, 67, was confirmed today by a 56-26 vote. She’ll replace Ben S. Bernanke, whose second term as chairman expires Jan. 31, as the Fed trims monthly bond purchases in a first step toward lessening the unprecedented stimulus.
Originally Posted at LifeHealthPro on January 6, 2014 by Kathleen Hunter.
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