Senate panel advances Yellen nomination to run Fed

GMT 15:22 2013 Thursday ,21 November

Arab Today, arab today Senate panel advances Yellen nomination to run Fed

Arab Today

The Senate Banking Committee on Thursday approved Janet Yellen to chair the US Federal Reserve, setting up a likely confirmation by the full chamber next month. President Barack Obama's pick to replace outgoing Fed chairman Ben Bernanke passed the committee 14-8, and if approved by the overall Senate would be the first woman to run the world's most important central bank.  

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