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Congratulations Janet Yellen, the First Female President of the United States

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Congratulations to the first female President of the United States, for those who pay attention know that the Federal Reserve wields much of the political and economic power of the U.S.

The U.S. Senate has confirmed Janet Yellen to serve as the next chair of the Federal Reserve, after Ben Bernanke finishes his second term at the end of the month.

Senators voted 56 to 26 in her favor, with many missing the vote because of inclement weather. Eleven Republicans broke party ranks, voting to support Yellen.

She will be the first woman to head the Federal Reserve in its 100-year history.

In a statement, President Obama said he is “confident that Janet will stand up for American workers, protect consumers, foster the stability of our financial system, and help keep our economy growing for years to come.”

Yellen brings a robust résumé to the job, including more than a decade in various Fed positions. In her recent role as Fed vice chair, she voiced deep concerns about high unemployment and spoke in favor of the Fed’s bond-buying program as a way to stimulate the economy. Those views closely align with current Chairman Bernanke.

http://money.cnn.com/2014/01/06/news/economy/janet-yellen-federal-reserve/index.html?iid=s_mpm

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Written by voiceoftruthusa

January 7, 2014 at 3:43 am

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