Bringing The World Home To You

© 2023 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Yellen's Nomination To Fed Gets OK From Senate Committee

By a 14-8 vote that saw three Republicans join 11 Democrats in saying "aye," the Senate Banking Committee on Thursday morning approved the nomination of Janet Yellen to be the next head of the Federal Reserve.

The full Senate, where Democrats control 55 of the 100 votes, is expected to take up her nomination in December. A handful of Republicans have already said they will vote yes, so confirmation is expected. The term of current Fed Chairman Ben Bernanke expires on Jan. 31.

Yellen is currently the Fed's vice chairman. The post-hearing analyses of her recent testimony before the Banking Committee concluded that Fed policy likely wouldn't change much, if at all, should she replace Bernanke. The central bank is expected to continue its efforts to boost the economy at least into early 2014.

Roll Call's Tamar Hallerman reports that Sen. Joe Manchin of West Virginia was the lone Democrat on the committee to vote against Yellen's nomination.

Copyright 2021 NPR. To see more, visit

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.
More Stories