WASHINGTON (Reuters) – Federal Reserve Vice Chair Janet Yellen moved closer on Thursday to becoming the first woman to lead the U.S. central bank after a Senate committee approved her nomination and sent it to the full Senate for a final vote.
If confirmed, as is widely expected, Yellen would replace Fed Chairman Ben Bernanke when his term expires on January 31 and become the most powerful woman in world finance.
WASHINGTON, Nov 21 (Reuters) – The U.S. Senate Banking
Committee on Thursday approved Janet Yellen’s nomination to
become the first woman to lead the Federal Reserve, sending it
to the full Senate for a final vote.
If she is confirmed, as is widely expected, the current No.
2 at the U.S. central bank will replace its chairman, Ben
Bernanke, when his term expires on Jan. 31, making her the most
powerful woman in world finance.
WASHINGTON, Nov 21 (Reuters) – Janet Yellen will take an
important step on Thursday toward becoming the first woman to
lead the U.S. Federal Reserve, with the Senate Banking Committee
expected to back the nomination and clear her path to take the
central bank’s helm.
President Barack Obama nominated the Fed’s current vice
chair to replace Ben Bernanke when his terms ends on Jan. 31 and
she had been expected to win confirmation with relative ease.
WASHINGTON (Reuters) – Federal Reserve officials felt they could decide to start scaling back the U.S. central bank’s massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth.
Minutes of the Fed’s October 29-30 policy meeting, released on Wednesday, also showed officials discussed how to distinguish between asset buying and forward interest rates guidance, including how to enhance rate guidance once they start to taper bond purchases.
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue.
In a speech to the National Economists Club that echoed dovish comments by his nominated successor, Janet Yellen, Bernanke also said that while the economy had made significant progress, it was still far from where officials wanted it to be.
WASHINGTON (Reuters) – The most revealing thing about Janet Yellen’s widely praised Senate confirmation hearing performance last week might not have been what she said, but what she didn’t say – and how she didn’t say it.
President Barack Obama’s nominee to be the next chair of the Federal Reserve smiled and nodded her way through a two-hour hearing on Thursday without giving the Senate Banking Committee any real clues as to how she views near-term monetary policy choices.
WASHINGTON (Reuters) – Fed Vice Chair Janet Yellen on Thursday robustly defended the Federal Reserve’s bold steps to spur economic growth, calling efforts to boost hiring an “imperative” at a hearing into her nomination to become the first woman to lead the U.S. central bank.
Answering questions before the Senate Banking Committee, Yellen made plain she would press forward with the Fed’s ultra-easy monetary policy until officials were confident a durable economic recovery was in place that could sustain job creation.
WASHINGTON (Reuters) – Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank’s aggressive monetary easing before a Senate panel that includes some tough Republican critics.
At a Senate Banking Committee hearing on her nomination to be the first woman to run the nation’s central bank, Yellen is likely to remain vague on future Fed actions.
WASHINGTON (Reuters) – Janet Yellen, President Barack Obama’s nominee to chair the Federal Reserve, said the U.S. central bank has “more work to do” to help an economy and labor market that are still underperforming.
“I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy,” Yellen, the Fed’s current vice chair, said in remarks prepared for delivery to the Senate Banking Committee on Thursday.
WASHINGTON (Reuters) – Janet Yellen will be forced to defend the Federal Reserve’s ultra-easy monetary policy when she faces senators later this week, but critics have little hope of sinking her nomination to become the first woman to ever lead the U.S. central bank.
Nominated by President Barack Obama to succeed Fed Chairman Ben Bernanke when his term expires in January, Yellen will have to endure plenty of heated anti-Fed rhetoric from Republicans on Thursday, when she appears before the Senate Banking Committee.