Janet Yellen wins confirmation to be next Fed chief

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Reuters WASHINGTON
Last Updated : Jan 07 2014 | 5:00 AM IST

WASHINGTON (Reuters) - Janet Yellen won confirmation from the U.S. Senate on Monday to take the reins at the Federal Reserve as it seeks to delicately wind down its crisis-era stimulus.

The Senate voted 56-26 to approve the nomination. Yellen, 67, will succeed Ben Bernanke after his term as Fed chairman expires on January 31.

Currently the Fed's vice chair, Yellen will be the first woman to lead the central bank in its 100-year history.

(Reporting by Thomas Ferraro and Richard Cowan; Editing by Leslie Adler)

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First Published: Jan 07 2014 | 4:49 AM IST

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