Former Israeli central bank governor Stanley Fischer has been offered the position of vice chairman of the U.S. Federal Reserve, a source familiar with the matter told Reuters on Wednesday. “He’s been offered the job” the source, who declined to be named, said. The source added that the process would still require approval by the…
Janet Yellen’s hopes of becoming the first woman to lead the Federal Reserve got a boost on Thursday when she sailed through her Senate confirmation hearing with only mild questioning from some of the Fed’s fiercest Republican critics. Yellen, the U.S. central bank’s current vice chair, brought a calm and confident demeanor to the Senate…
Federal Reserve Vice Chair Janet Yellen will likely secure sufficient votes to be confirmed as the next head of the central bank, according to one of her harshest critics in the Senate who sits on the banking panel that will vet her for the job. David Vitter, the Louisiana Republican who voted against her nomination…
Republican Senator Rand Paul plans to put a “hold” on the nomination of Janet Yellen to be chair of the Federal Reserve, CNBC reported on Friday, a move that would force supporters to round up 60 votes in the 100 seat Senate to confirm her. CNBC, citing a source close to the Kentucky lawmaker, said…
To some who knew Janet Yellen decades ago, her nomination to lead the Federal Reserve was no surprise, and had them feeling reassured the country’s monetary system would be in capable hands. “We referred to her as a stealth intellect,” said Charles Saydah, a retired journalist who went to junior high and Fort Hamilton High…
Janet Yellen, President Barack Obama’s pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication – fitting for someone who once joked that her dinner guests should expect a discussion of economics. Yellen, a former professor who would be the first Jewish woman to hold the…
President Obama’s nomination of Janet Yellen to be the next chair of the Federal Reserve will, if confirmed by the Senate, make her the first woman to lead the bank since its creation nearly a century ago. But she’ll be far from the first Jew. Yellen, whose nomination to head America’s central bank was reported…
There is no such thing as an easy vote in the current U.S. Senate, but Janet Yellen should have a relatively smooth path to confirmation if she is nominated by President Barack Obama to head the Federal Reserve. Obama is expected to announce his decision in coming weeks and a White House official has said…
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