Reginal Thomas
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Reginal Thomas in reginal thomas,

Janet Yellen Nominated To Be Next Fed Chair But What If The Government Is Still Shut Down

President Barack Obama will nominate current Federal Reserve Vice Chair Janet Yellen to run the Federal Reserve. This announcement has brought some relief to markets that are hoping she will be very carefully when it come to stimulus tapering. With this nomination Yellen is now on the road to making history because she will be the first woman to ever head the Fed. She will be replacing current Fed chairman Ben Bernanke, whose term will end on January 31. Stocks went up on the news of her nomination but that was short lived because our government is still shutdown. I have a question for you guys if the government doesn't open in time can Yellen become chair without the U.S. Senate voting or will she just stay in limbo until the government reconvenes?