Yellen wins over key sceptic in bid for Fed confirmation

Capitol Hill in Washington DC

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

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