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Senate Banking Committee Approves Yellen Nomination

11.21.13 | 5:20 am

FILE - In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, answers a question from a participant at the International Monetary Conference in Sha... FILE - In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, answers a question from a participant at the International Monetary Conference in Shanghai, China. More than 350 economists have a signed a letter to President Barack Obama calling on him to nominate Federal Reserve Vice Chair Janet Yellen to be the central bank's next chairman. (AP Photo/Eugene Hoshiko, File ) MORE LESS

The Senate Banking Committee voted 14-8 Thursday to approve Janet Yellen as chairman of the Federal Reserve.

Yellen still needs a vote in the full Senate before being confirmed as chief of the Federal Reserve, and may face opposition by senators uneasy with her economic policies.

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Senate Banking Committee Approves Yellen Nomination

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