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Senate Confirms Janet Yellen

January 6, 2014, 5:17 PM by Anna Peters

Senate Confirms Janet Yellen
WASHINGTON, DC -

The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve.

Monday's 56-26 vote makes Yellen the first woman to lead the central bank in its century-long history.

Yellen has been vice chair of the Fed since 2010. She has been a strong advocate of fighting unemployment and of policies championed by the current chairman, Ben Bernanke, designed to spur the economy with low interest rates and massive bond purchases.

Yellen will begin her four-year term on February 1.

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