Janet Yellen’s nomination to be chairman of the Federal Reserve is scheduled for a Senate Banking Committee vote this week, advancing her confirmation.
The banking panel vote will be Nov. 21, setting the stage for a full Senate confirmation vote later this year. Democrats hold a two-vote lead on the 22-member committee and no Democrat has opposed her nomination. If confirmed, Yellen, the Fed’s current vice chairman, will become the first woman to lead the U.S. central bank.
Source: Bloomberg. Read full article. (link)