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January 7, 2014

Senate confirms Yellen to lead Federal Reserve

By ALAN FRAM
Associated Press

WASHINGTON — The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve.

Monday's 56-26 vote makes Yellen the first woman to lead the central bank in its century-long history. It puts an economist in the post who has long focused on fighting unemployment and who backed the Fed's recent efforts to spur the economy with low interest rates and huge bond purchases.


 
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