Yellen Confirmed As Fed Director   Leave a comment

By a vote of 56-26, the Senate Monday confirmed Janet Yellin as Director of the Federal Reserve, marking the first time that a woman has been confirmed to lead the nation’s central bank and becoming one of a select few women to lead such a high post internationally.

What’s telling about this vote isn’t the confirmation part; that was to be expected…what was telling was the fact that 44 senators either voted ‘nay’ or decided not to vote whatsoever, which should be seen in political circles as a sign of continued discontent btwn. Congress, the financial markets and the Fed. Hopefully Yellin, who will replace outgoing chair Ben Bernanke, who be able to keep the American fiscal house in relative order over the next four years.

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Posted January 7, 2014 by Matthew in Uncategorized

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