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LA Times: Yellen Wins Confirmation as Fed Chief

WASHINGTON — The Senate confirmed Janet L. Yellen as the next chief of the Federal Reserve in a historic vote that put a woman in charge of the central bank for the first time but with the weakest show of support in the Fed’s 100-year history.

Earning just 68% of the vote, Yellen will take over a once low-profile institution that has become a polarizing force in Washington’s ongoing political warfare, even as it has evolved into the world’s most important and influential central bank. Read more in the LA Times.