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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