Senate Set To Confirm Janet Yellen As Fed Chair


The Senate is poised to vote on Monday afternoon to make Janet Yellen the first-ever woman to chair the Federal Reserve.

Fifty-one votes are required for confirmation, and she’s set to easily cross that threshold, despite broad Republican opposition.

The Yellen nomination received 59 votes to move forward on Dec. 20 before the holiday recess. That was enough to break a filibuster after Democrats eliminated the 60-vote threshold for presidential nominations (other than the Supreme Court) in November.