#US : ” Yellen Sworn in as `Chair of Federal Reserve’ this Day 2014″

#AceBreakingNews says `Yellen Sworn in as First Female Federal Reserve Chief’

BreakingNewsJanet Yellen was sworn in Monday to her first term as chair of the US Federal Reserve, Reuters reported. The oath was administered by Fed governor Daniel Tarullo. Yellen succeeds Ben Bernanke to become the first woman to head the Fed. Her term ends Feb 3 2018.

Key Facts:

– Yellen is often seen as a monetary policy dove because of her long-held view that the Fed should tolerate slightly higher inflation if that is the cost of fighting high unemployment. But during 12 years of monetary policymaking, she has never dissented on any Fed decision, including interest rate hikes.

– As Fed vice chair, Yellen was an outspoken proponent of the Fed’s aggressive stimulus efforts during and after the 2007-09 crisis, and played a lead role in refining the central bank’s communications strategy. She spearheaded the Fed’s adoption of a 2-percent inflation target. She believes the public understanding of the Fed’s policies is crucial to their effectiveness.

– Before her stint as vice chair, which began in October 2010, Yellen  ran the San Francisco Fed for six years. Previously, she had been a member of the Fed Board of Governors from August 1994 to February 1997 before she left the central bank to head President Clinton’s Council of Economic Advisers through August 1999. She has also taught economics at the University of California, Berkeley, where she has been on the faculty since 1980.

– She is the first woman to chair the Fed in its 100-year history, and among just a handful of top female central bankers globally.

Enhanced by Zemanta

#acebreakingnews, #barack-obama, #ben-bernanke, #central-bank, #council-of-economic-advisers, #daniel-tarullo, #fed, #federal-reserve-system, #janet-yellen, #oath, #reuters, #us-federal-reserve, #yellen

#AceWorldNews says according the Huffpost Hill YELLEN…

#AceWorldNews says according the Huffpost Hill “YELLEN NOMINATION ADVANCES IN SENATE” – Great day for the Illuminati. AP: “The Senate has cleared the way for Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve. Senators voted 59-34 Friday to end debate on the president’s nomination of Yellen. Approval is expected Jan. 6, the day the Senate returns from winter recess. The 67-year-old Yellen will become the first woman to lead the Fed in its century-old history. She will also be the first Democrat to lead the Fed since Paul Volcker left in 1987. Yellen is currently vice chair of the Fed. Bernanke told reporters that Yellen supported the Fed’s decision this week to gradually reduce the monthly bond purchases the Fed has been making to goose the economy. The move comes amid signs the economy is improving.” [AP]

#ap, #bernanke, #democrats, #federal-reserve, #huffpost-hill, #illuminati, #janet-yellen, #paul-volcker, #senate

#Live Streaming of Federal Reserve Vice Chairwoman Janet Yellen Begins Her Confirmation Hearing in the Senate

Federal Reserve Vice Chairman Janet Yellen begins her confirmation hearing in the Senate today as she looks to become the next chairman of the U.S. central bank. Watch live on FOX Business and FOXBusiness.com.

Stream the hearing live here: http://live.foxnews.com/#/2553193403001

#acenewsservices, #federal-reserve, #janet-yellen, #senate

#AceNewsFlash – Senate Banking Committee, in a vote of 14-8, approved Janet Yellen as the next chair of the Federal Reserve

The Senate Banking Committee, in a vote of 14-8, approved Janet Yellen as the next chair of the Federal Reserve. The move clears the way for a full Senate vote later this year.

More on this story: http://www.foxbusiness.com/economy-policy/2013/11/21/senate-panel-green-lights-janet-yellen-for-fed-chief/

#acenewsflash, #banking, #federal-reserve, #janet-yellen, #senate