As expected, Janet Yellen’s nomination as chair of the Federal Reserve has been approved by the Senate banking committee and will advance to the full Senate for a vote. Today, a procedural change was introduced which eliminates the filibuster, or prevention of voting, for most presidential appointees. Dr. Yellen now needs only 51 votes to be appointed as Fed chair, although she has gained some Republican support and might have been able to gather the 60 votes needed to overcome a filibuster.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: