Janet Yellen

Senate confirms Janet Yellin as new chairman of The Fed

Senate confirms Janet Yellin as new chairman of The Fed

The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases. Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as […]

Unemployment, Fed top Congressional agenda

Unemployment, Fed top Congressional agenda

Back to work on Monday, Congress faces a hefty list of unfinished business and a politically driven agenda in an election year that will determine control of the House and Senate. President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve and a three-month extension of benefits for the long-term unemployed are first […]

GOP Senator set to block all nominations over Benghazi

GOP Senator set to block all nominations over Benghazi

Sen. Lindsey Graham is threatening to hold up all nominations for federal government positions until survivors of last year’s deadly attack on the diplomatic post in Libya appear before Congress. The South Carolina Republican made the threat Monday on his official Twitter account. The tweet said: “Where are the #Benghazi survivors? I’m going to block […]

Obama nominates Janet Yellen to head the Federal Reserve

Obama nominates Janet Yellen to head the Federal Reserve

In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful central bank. Yellen, who currently holds the No. 2 spot at the Fed, would replace […]

Obama to nominate first woman to head Federal Reserve

Obama to nominate first woman to head Federal Reserve

President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry. Both Yellen and Bernanke […]

Summers out of Fed chief chase

Summers out of Fed chief chase

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman. A renowned economist, Summers built close ties to President Barack Obama when he led the president’s National Economic Council in 2009 and 2010. In that role, he helped orchestrate the administration’s efforts to combat the financial crisis […]