Yellen: The Senate Confirms Bernanke’s Successor in a 56-26 Vote

Sen. Rand Paul renews call to audit the Federal Reserve

Senate Confirms Janet Yellen as Next Chair of the Federal Reserve (Guardian)

The US Senate on Monday confirmed Janet Yellen as the next chair of the Federal Reserve, making her the first woman to head the US central bank.

The Democrat-controlled Senate passed Yellen’s nomination on Monday evening by a vote of 56 to 26. Six Republican senators voted for Yellen, and inclement weather prevented some senators from reaching the Capitol to vote.

Yellen, currently vice-chair, will take over after the incumbent, Ben Bernanke, steps down at the end of January. She will become the first Democrat to run the Fed since Jimmy Carter appointed Paul Volcker in 1979.

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