Tuesday, January 7, 2014

FIRST WOMAN TO CHAIR THE FEDERAL RESERVE BOARD..............

Janet Yellen, age 67, was confirmed on Monday as th new Chairwoman of the Federal Reserve Board, becoming the first female to head up the American Government's central bank in its 100 year history.  She assumes the position succeeding eight year, two term, Fed Chairman Bern Bernaake, whom she has served as  Vice Chair since 2010.  Yellen was confirmed by a 26 of 56-26; with 45 Democratic and 11 Republican Senators voting Yes - 26 Republican Senators voting No - 18 Senators Absent or Abstainng.  On Federal Reserve Board Policies, Chairwoman Yellen is a strong advocate for fighting UnEmployment and through Fed practices that produce Low interest Rates and Extensive Bond Purchases.  Addressed and followed she believes they advance the greatest possibility for Economic Growth..............fr.tdp

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