Yellen Nomination to Fed Chair Advances

Senate committee approved her nomination Thursday, setting up a final vote in the Senate

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Jacquelyn Martin / ASSOCIATED PRESS

Janet Yellen

The Senate Banking Committee voted 14-8 to approve President Barack Obama’s nomination of Janet Yellen to head up the Federal Reserve on Thursday, moving her confirmation to a full vote in the Senate.

Exactly the final confirmation vote will take place remains unclear, but Yellen is widely expected to be confirmed. All opposing votes in the committee came from Republicans, some of whom voiced concerns about the aggressively low interest rates under current Fed chairman Ben Bernanke, a policy Yellen is expected to continue.

2 comments
ThomasHall
ThomasHall

Now to pass Yellen, the other pending presidential appointments, and to appoint not just the three fed judges held up but to fill the 63 vacancies to offset the GOP's packed fed and state courts.