Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Yellen Fed Nomination Could See Nov. 14 Senate Banking Hearing
WASHINGTON (10/30/13)--A Senate Banking Committee hearing on Janet Yellen's nomination to lead the Federal Reserve could be held on Nov. 14, according to Reuters (Oct. 28).

The committee plans to hold preliminary meetings with Yellen this week, Reuters added.

Yellen was nominated earlier this month by President Barack Obama. If confirmed, she would replace outgoing Fed Chairman Ben Bernanke when his term ends on Jan. 31.  She would become the first woman to  head the Fed, or any other central bank.

Yellen has served as vice chair of the Board of Governors of the Federal Reserve System since Oct. 4, 2010. Her term ends on Jan. 31, 2024. She also has served as president/CEO of the Twelfth District Federal Reserve Bank, at San Francisco.


RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
14 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
17 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
17 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
18 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
19 hours ago