Senate Confirms Yellen To Lead Federal Reserve - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Senate Confirms Yellen To Lead Federal Reserve

Posted: Updated:
The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve. The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve.

WASHINGTON (AP) - The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve.

Monday's 56-26 vote makes Yellen the first woman to lead the central bank in its century-long history. It puts an economist in the post who has long focused on fighting unemployment and who backed the Fed's recent efforts to spur the economy with low interest rates and huge bond purchases.

Yellen begins her four-year term as chair on Feb. 1. She replaces Ben Bernanke, who has held the job for eight years dominated by the Great Recession and his efforts to fight it.

Yellen has been Fed vice chair since 2010.

Nominated in October by President Barack Obama, Yellen will be the first Fed chair picked by a Democrat since President Jimmy Carter chose Paul Volcker.

HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • UPDATE: Spokane Valley detectives arrest man accused of stabbing brother in the arm

    UPDATE: Spokane Valley detectives arrest man accused of stabbing brother in the arm

    Friday, June 22 2018 9:44 AM EDT2018-06-22 13:44:24 GMT

    SPOKANE VALLEY, Wash. - Spokane Valley Deputies found Kenneth Derr Thursday night and took him into custody. He has been booked into the Spokane County Jail. The Sheriff's office would like to thank everyone for their assistance and tips. 

    More >>

    SPOKANE VALLEY, Wash. - Spokane Valley Deputies found Kenneth Derr Thursday night and took him into custody. He has been booked into the Spokane County Jail. The Sheriff's office would like to thank everyone for their assistance and tips. 

    More >>
  • Ex-superintendent in Kennewick to plead guilty to child sex case

    Ex-superintendent in Kennewick to plead guilty to child sex case

    Friday, June 22 2018 9:19 AM EDT2018-06-22 13:19:15 GMT

    A former Kennewick school superintendent accused of arranging to have sex with two teen girls at a Richland motel is expected to plead guilty next week.    The lawyer for 76-year-old Paul Rosier tells the Tri-City Herald that a plea agreement has been reached with federal prosecutors. Defense lawyer Scott Johnson says Rosier will plead guilty to a new count of attempt child sex trafficking, which carries a minimum sentence of 10 years in prison. 

    More >>

    A former Kennewick school superintendent accused of arranging to have sex with two teen girls at a Richland motel is expected to plead guilty next week.    The lawyer for 76-year-old Paul Rosier tells the Tri-City Herald that a plea agreement has been reached with federal prosecutors. Defense lawyer Scott Johnson says Rosier will plead guilty to a new count of attempt child sex trafficking, which carries a minimum sentence of 10 years in prison. 

    More >>
  • Delta bans pit bulls as service dogs due to safety concerns

    Delta bans pit bulls as service dogs due to safety concerns

    Friday, June 22 2018 8:55 AM EDT2018-06-22 12:55:46 GMT

    ATLANTA - Delta Air Lines says it's no longer allowing passengers to fly with "pit bull type" dogs as service or support animals.    The Atlanta-based airline describes its ban announced this week as an "enhancement" to its policy on animals in passenger areas. Delta also says it's limiting travelers to a single emotional support animal per flight. The changes take effect July 10. 

    More >>

    ATLANTA - Delta Air Lines says it's no longer allowing passengers to fly with "pit bull type" dogs as service or support animals.    The Atlanta-based airline describes its ban announced this week as an "enhancement" to its policy on animals in passenger areas. Delta also says it's limiting travelers to a single emotional support animal per flight. The changes take effect July 10. 

    More >>