» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 4 | Tuesday, January 07, 2014

Senate Ready to OK Yellen to Lead Federal Reserve

AP

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – The Senate is ready to approve Janet Yellen's nomination to become the first woman to lead the Federal Reserve in its century-long history.

Yellen is a long-time advocate of fighting unemployment and a backer of the central bank's recent efforts to spur the economy with low interest rates and massive bond purchases. She was expected to win easy approval in Monday's vote.

She would replace Ben Bernanke, who is stepping down after serving as chairman for eight years that included the Great Recession of 2007 to 2009 and the Fed's efforts to combat it.

Yellen, an economist, has been vice chair of the Fed since 2010 and a close ally of Bernanke.

She would begin her four-year term as leader of the Fed on Feb. 1.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 24 24 2,668
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.