Janet Yellen’s nomination to be chairman of the Federal Reserve won support from the Senate Banking Committee today in a 14-8 vote, moving her bid to be the Fed’s first female head to the Senate for confirmation.
Senate Democratic leaders are withholding comment on an Obama administration request to delay new sanctions against Iran, as some Republicans say they’re determined to increase economic pressure aimed at curbing the Islamic Republic’s nuclear program.
Senate Democratic leaders withheld comment today on the Obama administration’s request to delay new sanctions against Iran, as some Republicans said they’re determined to increase economic pressure aimed at curbing the Islamic Republic’s nuclear program.
Janet Yellen, nominated to be the next chairman of the Federal Reserve, said the economy and labor market are performing “far short of their potential” and must improve before the Fed can begin reducing monetary stimulus.
Janet Yellen, nominated to be the next chairman of the Federal Reserve, signaled she will carry on the central bank’s unprecedented stimulus until she sees improvement in an economy that’s operating well below potential.
As White House, Federal Reserve and Treasury Department staff prepare Janet Yellen to face the U.S. Senate for her nomination as the next Federal Reserve chairman, one experience remains seared in their memories: Ben S. Bernanke’s close call in 2010.
Timothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis, will be nominated to head the country’s top derivatives regulator.
Israeli Prime Minister Benjamin Netanyahu’s rejection of a potential agreement on Iran’s nuclear program, which he denounced as a “very bad deal,” risks igniting the most serious U.S.-Israel dispute in years.