Skip to main content
Advertising

Originally published December 20, 2013 at 12:06 PM | Page modified December 20, 2013 at 1:36 PM

  • Share:
           
  • Comments (0)
  • Print

Senate votes preliminary OK for Yellen to lead Fed

The Senate has cleared the way for Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve.


Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

The Senate has cleared the way for Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve.

Senators voted 59-34 Friday to end debate on the president's nomination of Yellen. Approval is expected Jan. 6, the day the Senate returns from winter recess.

The 67-year-old Yellen will become the first woman to lead the Fed in its century-old history. She will also be the first Democrat to lead the Fed since Paul Volcker left in 1987.

Yellen is currently vice chair of the Fed.

Bernanke told reporters that Yellen supported the Fed's decision this week to gradually reduce the monthly bond purchases the Fed has been making to goose the economy. The move comes amid signs the economy is improving.



News where, when and how you want it

Email Icon

The summer is wide open.

The summer is wide open.

Follow our three-part "Washington's National Parks" series running through August 10 for an in-depth look at some of our local treasures.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►