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Yellen confirmed as Fed chairman

The Senate confirmed Janet L. Yellen on Monday as the next head of the Federal Reserve.

Her nomination passed 56- 26. Yellen, currently second in command, will be the first woman to be in the top job at the Fed when she takes office Feb. 1. She will replace current chairman Ben Bernanke, who has held the position since 2006.

In addition to being the first woman to hold the position, Yellen is also the first Democratic nominee to run the Fed since Paul Volcker became chairman in 1979.

Read more about Yellen's confirmation from the Washington Post. Also, you can read her official bio by clicking here.

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