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Senate confirms Janet Yellen as next leader of Federal Reserve

MGN Online
Tuesday, January 7, 2014 - 9:43am

The U.S. Senate confirmed Janet Yellen as the next leader of the Federal Reserve. Yellen, is the first women to lead the institution in its 100-year history. She succeeds Ben Bernanke, whose second term ends this month.

Yellen is slated to take over February 1, 2014. In a statement, President Barack Obama called her a "fierce champion" who will "stand up for American workers, protect consumers" and help grow the economy.


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