Janet Yellen’s confirmation as the next Federal Reserve chief became a virtual lock Thursday when a Senate committee approved her nomination and Senate Democrats eased the confirmation process for most presidential nominees.
The Senate Banking Committee voted 14-8 to approve Ms. Yellen’s nomination, sending her name to the full Senate for a final confirmation vote. Eleven of the committee’s 12 Democrats and three of its 10 Republicans voted for her.
A separate rule change by Senate Democrats to limit the use of the filibuster, a delaying procedural move, means Ms. Yellen is nearly guaranteed to become the first woman to lead the Fed in its 100-year history.
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