Senate delays Janet Yellen Fed Chair confirmation
The U.S. Senate delayed its confirmation of Federal Reserve Chair appointee Janet Yellen this week, the Washington Post reported Friday.
Senate leaders reached a deal to confirm three more of President Obama’s nominees to top government positions, but delayed the Yellen vote until January. However, the remove is only procedural, Yellen is a shoe-in at this point.
The Washington Post has more:
As part of the agreement reached late Thursday, senators will vote to end formal debate on the nomination of Janet Yellen to lead the Federal Reserve, but not confirm her until they return on Jan. 6.