The Senate on Monday approved Janet Yellen to be the first woman to run the Federal Reserve in the central bank's 100-year history. The vote was 56 to 26. Yellen will be the first Democrat to run the Fed since Paul Volcker left the central bank in 1987. Yelllen's four-year term will begin on Feb. 1. Fed chairman Ben Bernanke is expected to chair the Fed's next rate-policy committee meeting in late January.
Source: Marketwacth
Source: Marketwacth
