Senate Confirms Yellen As New Federal Reserve Chair

Law360, Washington (January 6, 2014, 7:01 PM EST) -- The U.S. Senate on Monday approved Federal Reserve Vice Chairman Janet Yellen to succeed outgoing Chairman Ben Bernanke after a drawn-out confirmation process spanning several months, making her the first woman to head the central bank.

The Senate voted to approve Yellen as chairman in a historic 56-26 vote Monday evening — with a number of senators absent due to a cold snap grounding their flights — marking her as the first female chairman in the history of the Fed and the first Democrat to head...
To view the full article, register now.