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Obama to nominate Stanley Fischer as Fed vice chair

US President Barack Obama Friday nominated former Israeli central bank governor and renowned financier Stanley Fischer as vice chair of the Federal Reserve, completing a shakeup of the board's leadership. The president also named former under secretary of the Treasury Lael Brainard and fiscal scholar and current Fed governor Jerome Powell to serve a full term on the Board of Governors under newly confirmed chairwoman Janet Yellen. The new line up at the Fed takes charge at a complicated time for the US economy.

Nobel laureate, Northwestern economics professor Dale Mortensen dies at 74 in Illinois

EVANSTON, Ill. - Nobel laureate and longtime Northwestern University economics professor Dale Mortensen has died. Mortensen shared the Nobel economics prize with two other Americans in 2010 for their work explaining how unemployment can remain high despite a large number of job openings. His personal assistant and close family friend, Sue Triforo, says Mortensen died Thursday at his home in Wilmette, Ill. He was 74.

Nobel laureate, Northwestern economics professor Dale Mortensen dies at 74 in Illinois

EVANSTON, Ill. - Nobel laureate and longtime Northwestern University economics professor Dale Mortensen has died. Mortensen shared the Nobel economics prize with two other Americans in 2010 for their work explaining how unemployment can remain high despite a large number of job openings. His personal assistant and close family friend, Sue Triforo, says Mortensen died Thursday at his home in Wilmette, Ill. He was 74.

US Senate confirms Yellen as Federal Reserve chair

The US Senate on Monday confirmed Janet Yellen as the new leader of the Federal Reserve, marking the first time a woman has headed the world's most powerful central bank. President Barack Obama's nominee earned bipartisan support in the bitterly divided chamber, but the 56-26 vote was still among the closest in the 100-year history of the institution. Several senators who supported Yellen, currently Fed vice-chair, arrived too late for the vote.

Senate poised to confirm Janet Yellen as Fed chair

WASHINGTON (Reuters) - 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.

Senate confirms Yellen as next Fed chief

Washington, Jan 6 (EFE).- The U.S. Senate on Monday confirmed Janet Yellen as the next chairperson of the Federal Reserve, thus giving the green light to the first woman in history to head the U.S. central bank. Yellen, 67 years old and the Fed's current vice-chairperson, received the support of 56 senators with 26 - all Republicans - voting against her appointment. She will replace Ben Bernanke at the helm of the Fed on Jan. 31, when the latter's term expires.

A biographical look at Janet Yellen, confirmed by Senate to be next Fed chairman

NAME — Janet L. Yellen AGE-BIRTHPLACE — 67; Brooklyn, N.Y. EXPERIENCE — Vice chair, Federal Reserve, 2010-present; president, Federal Reserve Bank of San Francisco, 2004-10; chair, White House Council of Economic Advisers, 1997-99; member, Federal Reserve Board of Governors, 1994-97; faculty member, University of California, Berkeley, 1980-94 (on leave); lecturer at London School of Economics and Political Science, 1978-80; economist, Federal Reserve, 1977-78; assistant professor at Harvard University, 1971-76.

Janet Yellen: world's most powerful central banker

The US Senate's approval on Monday of Janet Yellen to lead the US Federal Reserve puts a woman at the head of the world's most powerful central bank for the first time. Few doubt her qualifications to take on the job of shepherding the US economy back to sustained growth, after the deep damage done by the Great Recession of 2008 and 2009. The veteran economist has done long service both as an academic and at the Fed, serving as vice chair and a close ally to the outgoing chairman, Ben Bernanke, for the past four years.

Senate confirms Janet Yellen as chair of US Federal Reserve

The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the world's most powerful central bank Monday, the first woman ever to lead the Fed. President Barack Obama's nominee earned bipartisan support in the bitterly divided chamber, but the vote was still closer than those for her predecessor Ben Bernanke, who steps down on January 31 after eight years in the job. mlm/pmh

Janet Yellen: world's most powerful central banker

The US Senate's approval on Monday of Janet Yellen to lead the US Federal Reserve puts a woman at the head of the world's most powerful central bank for the first time. Few doubt her qualifications to take on the job of shepherding the US economy back to sustained growth, after the deep damage done by the Great Recession of 2008 and 2009. The veteran economist has done long service both as an academic and at the Fed, serving as vice chair and a close ally to the outgoing chairman, Ben Bernanke, for the past four years.
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