Yellen Clears Key Senate Hurdle To Become Next Fed Chair
Source: REUTERS
(Reuters) - The Senate Banking Committee on Thursday approved Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote.
If confirmed, as is widely expected, the current number two at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.
The vote was 14 in favor and 8 against.
Read more: http://www.reuters.com/article/2013/11/21/us-usa-fed-yellen-vote-idUSBRE9AK0UD20131121
scheming daemons
(25,487 posts)More powerful than secretary of state (albright, clinton) or speaker of the house (pelosi).
Fed chair is a very big deal.
durablend
(7,416 posts)Does he actually serve a purpose for our side?
Dollface
(1,590 posts)bucolic_frolic
(42,663 posts)Wall Street treats her better than Martha Stewart
Nye Bevan
(25,406 posts)She has shown that she is a fan of quantitative easing.
bucolic_frolic
(42,663 posts)in a pin-striped womens pant suit
and a former Clinton Adminstration official
BUT she supported repeal of Glass-Steagall and Social Security Cuts,
and as Chair of CEA
So she's no raging liberal