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Yellen confirmed as Fed chairman

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(Tire Business file photo)
Janet Yellen

WASHINGTON (Jan. 7, 2014) — By a 56-26 vote, the U.S. Senate has confirmed Janet Yellen as the 15th chairman of the Federal Reserve.

Ms. Yellen, vice chairman of the Fed since 2010, is the first woman to head the nation’s central bank. She begins her four-year term Feb. 1, the day after Ben S. Bernanke—who has served as Fed chairman since February 2006—steps down.

During her tenure as Fed vice chairman, Ms. Yellen supported Mr. Bernanke’s policies, which included setting near-zero interest rates and massive purchases of government bonds to stimulate the economy after the Great Recession of 2008.

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TB Reader Poll

Previous | Published April 21, 2016

What's the one benefit you wish your company offered?

More vacation time
18%
(32 votes)
A better retirement plan
18%
(32 votes)
Better health insurance
20%
(35 votes)
More fun, team-oriented activities
3%
(5 votes)
Just give me more money
28%
(51 votes)
I’m very pleased with everything I get now
13%
(24 votes)
Total votes: 179
Previous | Published April 21, 2016

How often do you update your shop and/or business software?

Annually
23%
(21 votes)
Only when a substantial update is available
19%
(18 votes)
Every 2-4 years
14%
(13 votes)
Usually between 5 and 10 years
16%
(15 votes)
I hate it – as infrequently as possible
12%
(11 votes)
I never do – it’s too costly
16%
(15 votes)
Total votes: 93