was approved by the Senate. Yellen will become the first female head of the Federal Reserve Board in history.

was approved by the Senate. Yellen will become the first female head of the Federal Reserve Board in history. The Senate voted 56-26 on Monday afternoon to approve President Obama's decision to appoint the next federal...

The Senate voted 56-26 on Monday afternoon to approve President Obama's nomination of Janet Yellen as the next chair of the Federal Reserve. Analysts believe that she will ensure the continuation of the central bank's policies to promote economic growth.

According to "USA Today", 67-year-old Yellen has served as Vice Chairman of the Federal Reserve since 2010. She will succeed current Federal Reserve Chairman Ben Bernanke on February 1 and become the first female head of the U.S. central bank. Bernanke's bold injection of money into the economy after the 2008 financial crisis helped the United States avoid a second Great Depression.