On January 6, the Senate confirmed Janet Yellen to head the Federal Reserve's Board of Governors, making it the first time ever that a woman has led the nation's most important financial institution. In some respects, it makes her the most powerful woman in the United States. As with every personnel change in the Fed, Yellen's rise has fostered plenty of concerns about the direction the Federal Reserve will take under her leadership.
New Fed Leadership is Good News for Buyers.
- By Michael Lyons
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