Senate Confirms Yellen as Fed Chair

The Senate confirmed Janet Yellen to head the Federal Reserve, “setting her up to take office Feb. 1 as one of the most powerful economic policy makers in the world,” the Wall Street Journal reports.

“Ms. Yellen, who will be the central bank’s first female chief in its 100-year history, was easily confirmed by the Democratic-controlled Senate. She is expected to be sworn into office Feb. 1 and lead the Fed’s policy meeting in March.”