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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 December 4, 2017

What do you think of the tax reform proposal before Congress?

I’m in favor of it—it’s good for business
29% (27 votes)
It doesn’t go far enough in helping small business.
12% (11 votes)
I’ll wait to see the final bill.
19% (18 votes)
It’s going to hurt the middle class.
40% (37 votes)
Total votes: 93
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