Senate confirms Janet Yellen to chair Federal Reserve

FILE - In this Nov. 14, 2013 file

FILE - In this Nov. 14, 2013 file photo, Janet Yellen, of California, smiles as she is introduced as being the first female to be nominated as Federal Reserve Board chair, prior to testifying on Capitol Hill in Washington. Yellen was approved by the Senate on Monday, Jan. 6, 2014, as the first woman to head the Federal Reserve in its 100-year history. (AP Photo/Jacquelyn Martin, File) (Credit: AP)

(AP) - The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases. Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as chairman for eight years dominated by the Great Recession and...

Content Preview This content is exclusive for Optimum, Time Warner®, Comcast®, customers with access to News 12.

Already registered or an Optimum customer?
Log in
Time Warner®, Comcast® or Service ElectricSM customer?
Create an account
Not a customer?
Subscribe

Comments

advertisement | advertise on News 12

advertisement | advertise on News 12