This year, Janet Yellen will make history as the first woman to lead the U.S. central bank in its 100-year history.
Although Obama announced his support for Yellen in October 2013, she just secured the official vote of 56-26 from the Senate last night to be successfully nominated the current vice chairwoman of the Federal Reserve and replace Chairman Ben Bernanke when his term ends on Jan. 31.
According to reports, the Yellen will be the first female Federal Reserve Chief and the first Democrat to run the country’s central bank since Jimmy Carter appointed Paul Volcker in 1979.
In a written statement, President Obama said Yellen’s approval means “the American people will have a fierce champion” on their side.
“I am confident that Janet will stand up for American workers, protect consumers, foster the stability of our financial system and help keep our economy growing for years to come,” he added.
The 67-year-old Brooklyn native also headed the Federal Reserve Bank of San Francisco and chaired President Bill Clinton’s Council of Economic Advisers.
Her four-year term beings on Feb. 1. Congrats!
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Black Women Firsts
1. Vanessa Williams
She became the first Black woman to be crowned Miss America in 1983 (then had to give the title up due to some steamy pictures of her that surfaced).
2. Halle Berry
In 2002, she became the first Black woman to win an Academy Award for Best Actress.
3. Toni Morrison
She became the first Black woman to win the Nobel Prize for Literature in 1993.
4. Vonetta Flowers
In 2002 the first Black woman won a gold medal in the winter Olympics.
5. Tyra Banks
In 1997 she became the first Black model to appear on the cover of 'Sports Illustrated Swimsuit Edition'
6. Condoleeza Rice
She became the first Black female appointed Secretary Of State in 2005 after becoming first Black woman to serve as the National Security adviser.
7. Beverly Johnson
The first Black supermodel was the first to Black woman the grace the covers of 'Elle' and American 'Vogue' magazines in the 1970s.