The Buzz

From the staff of the Tampa Bay Times

Senate confirms Yellen as Fed chair; Nelson votes for her, Rubio against

6

January

The U.S. Senate this evening confirmed Janet Yellen to chair the Federal Reserve, the first woman ever to hold the post. The vote was 56-26, and Florida's senators were yet again on opposite sides.

Democratic Sen. Bill Nelson voted for Yellen. Republican Sen. Marco Rubio voted against her. Last year, Rubio explained his objection:

“While Dr. Yellen is an accomplished individual, I will be voting against her nomination to chair the Fed because of her role as a lead architect in authoring monetary policies that threaten the short and long-term prospects of strong economic growth and job creation. Altogether, she has championed policies that have diminished people’s purchasing power by weakening the dollar, made long-term savings less attractive by diminishing returns on this important behavior, and put the U.S. economy at increased risk of higher inflation and another future boom-bust."

[Last modified: Monday, January 6, 2014 6:31pm]

    

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