The Presidential Daily Brief

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  1. Senate Confirms Janet Yellen as New Federal Reserve Chair

    Janet Yellen, as expected, has been appointed successor to Federal Reserve Chairman Ben Bernanke, who will step down from the post at the end of January. Yellen, who has been vice-chair since 2010, will become the first woman to lead the central bank. She was one of Bernanke’s staunchest allies, and many expect that her appointment will bring continuity to her predecessor’s policies in order to keep the U.S. economy on the road to recovery. Yellen will face the unenviable task, however, of scaling back some of the Fed’s extraordinary measures that have helped lower borrowing costs.

    Sources: NYT, The Guardian, Washington Post

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