Will Yellen Finally Be Confirmed as Fed Chair?
Janet Yellen has been awaiting her confirmation vote for quite some time now, set to replace current Federal Reserve Chair Ben Bernanke on February 1. Congress has faced a number of stumbling blocks, including running out of time on December 20 and the constant vote blocks in the days before the late December date.
Senate Democrats pushed through an anti-filibuster rule change to break the standoff over nominated candidates for jobs including but not limited to Yellen’s position. According to The Wall Street Journal, senators on both sides of the aisle have voiced confidence in Yellen’s impending confirmation.
Still, not everyone thinks the vote will be a walk in the park, and many Republicans probably won’t be on board. “Her final confirmation vote will likely be the closest in history, as most Republicans will vote against [her]. But she has a minimum of 55 Democrats, five more than she needs,” Chris Kreuger, a policy analyst in Washington, said to the Los Angeles Times.