Senate Set To Confirm Janet Yellen As Fed Chair

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 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.

1
Show Comments