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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 June 17, 2016

How will the new Labor Department rule on overtime pay affect you?

I've already had to demote some managers and assistant managers because of it
16%
(13 votes)
I was hoping to hire some new technicians soon. I can't now because of the new overtime rules
5%
(4 votes)
It won't affect me much
12%
(10 votes)
I think it's fair for assistant managers to get compensation for overtime
33%
(27 votes)
I'm voting a straight GOP ticket this November to see if we can get rid of this
33%
(27 votes)
Total votes: 81