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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.