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A Senate Vote On Yellen To Lead Fed Is Expected This Evening

wochit business
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January 06, 2014 AT 7:45 AM
The Senate is expected to confirm Janet L. Yellen as the chairwoman of the Federal Reserve on Monday evening. Ms. Yellen, currently the Fed’s vice chairwoman, would be the first woman to lead the country’s central bank in its 100-year history. She would also be the first Democratic nominee to run the Fed since President Jimmy Carter named Paul Volcker as chairman in 1979.