January 6th, 2014
06:22 PM ET
9 months ago

Senate confirms Yellen as Fed Chair

New York (CNNMoney) - The U.S. Senate has confirmed Janet Yellen to serve as the next chair of the Federal Reserve, after Ben Bernanke finishes his second term at the end of the month.

Senators voted 56 to 26 in her favor, with many missing the vote because of inclement weather. Several Republicans broke party ranks in support of Yellen.

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Filed under: Federal Reserve • Janet Yellen • Senate
November 14th, 2013
08:30 AM ET
10 months ago

Senators to grill Janet Yellen

New York (CNNMoney) - Let the grilling begin: Janet Yellen heads to Capitol Hill this morning to face the Senate Banking Committee in her confirmation hearing to serve as the next head of the Federal Reserve.

In opening statements released ahead of the hearing, Senator Tim Johnson, chairman of the committee, said he is "excited" to cast his vote in her favor.

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Filed under: CNNMoney.com • Congress • Federal Reserve • Janet Yellen • Senate
Rand Paul threatens to block Yellen nomination vote
October 30th, 2013
11:55 AM ET
11 months ago

Rand Paul threatens to block Yellen nomination vote

(CNNMoney) - Rand Paul is threatening to try to block the full Senate from considering President Obama's nomination of Janet Yellen to head the Federal Reserve.

The Kentucky Republican said in a statement that he intends to put a hold on the nomination unless his legislation to have audits of the Fed is brought to a vote as well.

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Filed under: Federal Reserve • Rand Paul
Obama to nominate Janet Yellen as Fed chair
October 8th, 2013
07:51 PM ET
12 months ago

Obama to nominate Janet Yellen as Fed chair

New York (CNN Money) - President Obama will nominate Janet Yellen to serve as the next chair of the Federal Reserve, a senior White House official said Tuesday.

The announcement will be made on Wednesday at 3:00 p.m., the official said.

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Filed under: Federal Reserve • White House
Larry Summers withdraws name for Fed chair job
September 15th, 2013
04:48 PM ET
1 year ago

Larry Summers withdraws name for Fed chair job

New York (CNNMoney) – After months of contentious public debate, Larry Summers has withdrawn his name from consideration to become the next chairman of the Federal Reserve, sources familiar with the decision confirmed to CNN.

President Obama said he spoke with Summers earlier Sunday and accepted his decision.

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Filed under: CNNMoney.com • Federal Reserve • Larry Summers
Economists to Obama: Pick Yellen for Fed chair
September 11th, 2013
09:48 AM ET
1 year ago

Economists to Obama: Pick Yellen for Fed chair

New York (CNNMoney) - More than 300 economists have signed a letter urging President Obama to nominate Janet Yellen as the next Federal Reserve chair.

"Dr. Yellen is superbly qualified," the letter says.

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Filed under: Federal Reserve
Economists favor Yellen for Fed chair
August 6th, 2013
07:18 AM ET
1 year ago

Economists favor Yellen for Fed chair

New York (CNNMoney) - Female economists aren't the only ones who want Janet Yellen to be the new Federal Reserve chair.

A CNNMoney survey of 21 economists - mostly male - showed lots of support for Yellen and virtually none for the other frontrunner, former Treasury Secretary Larry Summers. While gender was not a factor in the survey's recipients, only two of the respondents were women. A separate survey by CNNMoney that polled only female economists, showed overwhelming support for Yellen.

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Filed under: CNNMoney.com • Federal Reserve
Female economists: Pick Janet, but leave gender out of it!
Only 17 of 177 central bank heads around the world are women. Female economists surveyed by CNNMoney would like to see Janet Yellen become number 18 .
August 5th, 2013
10:11 AM ET
1 year ago

Female economists: Pick Janet, but leave gender out of it!

New York (CNNMoney) - Janet Yellen is the best candidate to succeed Ben Bernanke as head of the Federal Reserve, and gender should have absolutely nothing to do with it. That's the overwhelming consensus from a CNNMoney survey of top female economists.

Last week, we sent a questionnaire to 100 female economists in academia and the private sector, several who have worked with Larry Summers and Yellen in the past. We asked them to choose: Which of these two top contenders is their preferred candidate for Federal Reserve chair?

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Filed under: CNNMoney.com • Federal Reserve
Potential Fed nomination gets support from Democrats
July 25th, 2013
10:26 PM ET
1 year ago

Potential Fed nomination gets support from Democrats

Washington (CNN) – The potential nomination of Janet Yellen to serve as the next chairman of the Federal Reserve is gaining traction on Capitol Hill.

Three Democratic senators signed a letter encouraging President Barack Obama to nominate the current vice chair of the Fed and former chairman of the White House Council of Economic Advisers to the post, according to Senate aides.
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Filed under: Federal Reserve
Ryan calls Federal Reserve actions 'insidious'
September 15th, 2012
02:19 PM ET
2 years ago

Ryan calls Federal Reserve actions 'insidious'

Oldsmar, Florida (CNN) - Republican vice presidential candidate Paul Ryan called the Federal Reserve's latest effort to stimulate the economy "insidious" during a speech to Floridians on Saturday.

The Federal Reserve this week announced a new round of quantitative easing, the central bank's program to increase the money supply by buying up billions of dollars worth of debt held in mortgage-backed securities.
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Filed under: 2012 • Federal Reserve • Florida • Paul Ryan
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