Janet Yellen

Senate Poised To Confirm Yellen as Next Fed Chair

Vote scheduled for later today

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The U.S. Senate appears set to confirm Janet Yellen as the new chair of the country's central bank, making her one of the most powerful figures in world economic circles.

The Senate is scheduled to vote late Monday on her nomination as chair of the Federal Reserve, and analysts believe she has enough votes to win confirmation. She would become the first woman to head the 100-year-old agency and replace Ben Bernanke when his eight-year tenure expires at the end of January.