Senate to vote on Yellen for Fed chair in January



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) - The Senate will vote on the nomination of Janet Yellen to be the next chairman of the Federal Reserve in January.

Majority Leader Harry Reid announced Thursday night that Republicans and Democrats had worked out an agreement on votes for several of President Barack Obama's nominees, including Yellen.

The Senate plans a test vote to move ahead on Yellen's nomination on Friday and will then vote Jan. 6 on her confirmation. The agreement means the Senate, bitterly divided over nominees, will leave town after the Friday votes.

If confirmed, Yellen would be the first woman to lead the Fed and the first Democrat to do so since Paul Volcker stepped down in 1987.

She would succeed Ben Bernanke, whose second four-year term as chairman will end Jan. 31.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Donna Cassata

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast