Connect with us
The U.S. Senate voted 56-26 to confirm Janet Yellen as the successor to Fed Chairman Ben Bernanke.

archive

Senate Approves Yellen to Become Fed Chair

The U.S. Senate voted 56-26 to confirm Janet Yellen as the successor to Fed Chairman Ben Bernanke.

Senate Approves Yellen to Become Fed Chair  (Reuters)

The U.S. Senate voted 56-26 to confirm Janet Yellen as the successor to Fed Chairman Ben Bernanke. However, when Bernanke‚??s term ends January 31, 2014, Ms. Yellen will not become the next ‚??chairman‚?Ě of the Fed‚?¶ for the exact same reason she was not referred to as the ‚??vice chairman‚?Ě of the Fed in her previous role. As the first woman to lead the Federal Reserve in its 100-year history, Ms. Yellen is being referred to as the ‚??chair‚?Ě of the Federal Reserve not the ‚??chairman.‚?Ě In the end, though, no matter what Ms. Yellen is called as she leads the Fed for the next four years, investors can count on her maintaining the same level of commitment toward easy-money policies to aid the United States‚?? economic and market recovery.

Written By

Advertisement
Advertisement

TRENDING NOW:

archive

Senate Approves Yellen to Become Fed Chair

Senate Approves Yellen to Become Fed Chair  (Reuters)

The U.S. Senate voted 56-26 to confirm Janet Yellen as the successor to Fed Chairman Ben Bernanke. However, when Bernanke‚Äôs term ends January 31, 2014, Ms. Yellen will not become the next ‚Äúchairman‚ÄĚ of the Fed‚Ķ for the exact same reason she was not referred to as the ‚Äúvice chairman‚ÄĚ of the Fed in her previous role. As the first woman to lead the Federal Reserve in its 100-year history, Ms. Yellen is being referred to as the ‚Äúchair‚ÄĚ of the Federal Reserve not the ‚Äúchairman.‚ÄĚ In the end, though, no matter what Ms. Yellen is called as she leads the Fed for the next four years, investors can count on her maintaining the same level of commitment toward easy-money policies to aid the United States‚Äô economic and market recovery.

TRENDING NOW:

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

archive

Dystopia Alert: A Decimating National Debt

archive

Guest Columnist: Why We Must Have a Border Wall

archive

Rising Social Agenda Brings Luster to Qualified Dividends

archive

Connect