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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 September 14, 2016

Who do you want to win the U.S. Presidential election?

Hillary Clinton
23% (229 votes)
Donald Trump
53% (522 votes)
Gary Johnson
8% (82 votes)
Jill Stein
1% (14 votes)
None of the above
13% (132 votes)
Total votes: 979
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