Senate Committee Vote on Yellen Confirmation To Be Held This Week

Will be the first female Fed chair if confirmed

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.