Janet Yellen moved a significant step closer to winning confirmation as the next chair of the Federal Reserve, as one Republican senator on the banking committee said he had changed his mind and decided to back her.
Bob Corker, a senator from Tennessee, says he "met with Janet Yellen on the topic of monetary policy, listened intently to her responses during the [confirmation] hearing and met with her again this week to discuss financial regulation".
When Yellen was nominated by President Barack
- Podcast: San Fran Fed’s Daly on gender inequality in central banks
- Malaysian central bank sends details of own land deal to anti-corruption body
- Strike halts Australian banknote production
- EBA and ECB hit out at capital hurdles to banking union
- Turkish central bank carries out emergency rate hike as currency falls