BEAUTIFUL NEWS: Janet Yellen Officially Voted First Woman To Lead The Federal Reserve

Comments: 10  | Leave A Comment

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.

MUST READ: Obama Picks Janet Yellen To Be The First Woman To Lead The Federal Reserve 

MUST READ: BEAUTIFUL NEWS: The Harvard Lampoon Elects First Black Female President

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!

LIKE HelloBeautiful On Facebook!

RELATED STORIES

BEAUTIFUL NEWS: Letitia James Is The First Black Woman Elected To Citywide Office In NYC

BEAUTIFUL NEWS: Pregnancy Rates For Black Teens Drop By 51 Percent

BEAUTIFUL NEWS: Navy Dad Embraces His Daughter For The First Time [PHOTO]

Check Out This Gallery

Join the Conversation! Share and Discuss on Facebook!

Tags: » »

Comments

blog comments powered by Disqus