Senate poised to confirm Janet Yellen as Fed chair

The U.S. Senate, kicking off its 2014 session on Monday, intends to waste no time making history as it moves to approve Janet Yellen to be the first woman to head the Federal Reserve. A Senate vote is set for 5:30 p.m. (2230 GMT) on Yellen, 67, who has been vice chair of the U.S. central bank since 2010. If confirmed, Yellen would succeed Ben Bernanke, whose second four-year term ends on January 31. In an early sign that Yellen commands enough support to win confirmation, the Democratic-controlled Senate voted 59-34 on December 20 to move forward with the nomination.

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