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Yellen Takes Big Step Toward Becoming Next Fed Chair

Federal Reserve Vice Chair Janet Yellen moved closer on to becoming the first woman to lead the U.S. central bank after a Senate committee approved her nomination and sent it to the full Senate for a final vote.

By Alister Bull and Margaret Chadbourn, Reuters | Updated on November 21, 2013

Federal Reserve Vice Chair Janet Yellen moved closer on Thursday to becoming the first woman to lead the U.S. central bank after a Senate committee approved her nomination and sent it to the full Senate for a final vote.

If confirmed, as is widely expected, Yellen would replace Fed Chairman Ben Bernanke when his term expires on January 31 and become the most powerful woman in world finance.

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