Yellen Nomination to Lead U.S. Fed Advances in Senate
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Janet Yellen’s nomination to lead the U.S. Federal Reserve advanced in the Senate, positioning her to become the 15th chairman and first woman to head the central bank in its 100-year history.
The Senate’s 59-34 vote today sets up a final vote for Yellen, 67, on Jan. 6 when lawmakers return from their holiday break. If confirmed, she will replace Ben S. Bernanke, whose second term as Fed chairman expires Jan. 31.