Yellen wins Senate committee approval


Janet Yellen is one step closer to the Federal Reserve chairmanship after securing the approval of the US Senate Banking Committee.

Yellen was widely expected to pass the first stage of the confirmation process after Bob Corker, a leading Republican senator, yesterday announced he would support her candidacy. She was approved with 14 votes for and eight against.

The final hurdle is the approval of the full senate, where the Democratic Party of President Barack Obama holds a majority. In 2010 Ben

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