Hirunews Logo
Senate+confirms+Janet+Yellen+as+chair+of+US+Federal+Reserve
Tuesday, 07 January 2014 - 7:29
Senate confirms Janet Yellen as chair of US Federal Reserve
16

Shares
1,928

Views
The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the world's most powerful central bank, the first woman ever to lead the Fed.

President Barack Obama's nominee earned bipartisan support in the bitterly divided chamber, but the 56-26 vote was still among the closest in the 100-year history of the institution.

Yellen replaces predecessor Ben Bernanke, who steps down on January 31st after eight years in the job.

At 67, Yellen has built a strong reputation as an academic economist, and as a veteran policymaker at the Fed she is not expected to veer far from the central bank's existing policies.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
127 Views
688 Views
5,420 Views
9,142 Views
90 Views
13,835 Views
Top