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.

  • Top Stories from KHQTop StoriesMore>>

  • Spokane County Sheriff's Office gets new helicopters thanks to donation

    Spokane County Sheriff's Office gets new helicopters thanks to donation

    Saturday, August 23 2014 2:35 AM EDT2014-08-23 06:35:27 GMT
    SPOKANE COUNTY, Wash.- In mid-August the Spokane County Sheriff's office announced they're getting new helicopters. The new helicopters will replace the aging Air One chopper that the Sheriff's office uses right now. On Friday we got a first hand look at one of the two helicopters, which were donated by the U.S. Army and cost taxpayers nothing.More >>
    SPOKANE COUNTY, Wash.- In mid-August the Spokane County Sheriff's office announced they're getting new helicopters. The new helicopters will replace the aging Air One chopper that the Sheriff's office uses right now. On Friday we got a first hand look at one of the two helicopters, which were donated by the U.S. Army and cost taxpayers nothing.More >>
  • Gleason Fest 2014 set for Saturday, August 23rd

    Gleason Fest 2014 set for Saturday, August 23rd

    Saturday, August 23 2014 1:57 AM EDT2014-08-23 05:57:35 GMT
    SPOKANE, Wash.- You've been watching the ALS ice bucket challenges all week, but on Saturday, August 23rd, the mother of all ALS events is set to take place: Gleason Fest 2014. Named for Spokane native and former New Orleans Saint Steve Gleason, the event will be held in downtown Spokane at Division and Main.More >>
    SPOKANE, Wash.- You've been watching the ALS ice bucket challenges all week, but on Saturday, August 23rd, the mother of all ALS events is set to take place: Gleason Fest 2014. Named for Spokane native and former New Orleans Saint Steve Gleason, the event will be held in downtown Spokane at Division and Main.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.