Senate panel advances Janet Yellen nomination to run Federal Reserve

By Agence France-Presse
Thursday, November 21, 2013 10:49 EDT
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Janet Yellen is sworn in for her confirmation hearing of the Senate Banking (AFP)
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The Senate Banking Committee on Thursday approved Janet Yellen to chair the US Federal Reserve, setting up a likely confirmation by the full chamber next month.

President Barack Obama’s pick to replace outgoing Fed chairman Ben Bernanke passed the committee 14-8, and if approved by the overall Senate would be the first woman to run the world’s most important central bank.

Agence France-Presse
Agence France-Presse
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