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News Now

Washington
Yellen Fed Nomination Could See Nov. 14 Senate Banking Hearing
WASHINGTON (10/30/13)--A Senate Banking Committee hearing on Janet Yellen's nomination to lead the Federal Reserve could be held on Nov. 14, according to Reuters (Oct. 28).

The committee plans to hold preliminary meetings with Yellen this week, Reuters added.

Yellen was nominated earlier this month by President Barack Obama. If confirmed, she would replace outgoing Fed Chairman Ben Bernanke when his term ends on Jan. 31.  She would become the first woman to  head the Fed, or any other central bank.

Yellen has served as vice chair of the Board of Governors of the Federal Reserve System since Oct. 4, 2010. Her term ends on Jan. 31, 2024. She also has served as president/CEO of the Twelfth District Federal Reserve Bank, at San Francisco.


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