Tuesday, January 7, 2014

Yellen Confirmed; No Summers This Winter

Senate Confirms Janet Yellen as Fed Chair
To think that four months ago the CW was that the US would bomb Syria, Larry Summers would be nominated to run the Fed, and Chris Quinn was a likely mayor of New York. 

Life is good!
The change in the Senate's filibuster rules essentially ensured that Janet Yellen would be confirmed as chairwoman of the Federal Reserve by the full Senate, so the only drama today involved the high number of lawmakers unable to vote due to polar vortex. The Senate confirmed Yellen by a vote of 56-26, with all Democrats and eleven Republicans voting in her favor. Most of the remaining eighteen senators were not present because the frigid weather prevented them from traveling to D.C.

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