Breaking News: Janet Yellen
Janet Yellen announced she will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor Jerome Powell.
Writing a resignation letter to President Donald Trump, Yellen said she is “gratified” by the economy’s progress since the 2008 financial crisis. Yellen also promised a smooth transition to Powell, Trump’s nominee for Fed chair.
Powell, who was nominated for the position earlier this month, is scheduled a confirmation hearing before the Senate Banking Committee next week off November.
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