The U.S. Senate voted 56-26 to confirm Janet Yellen as the successor to Fed Chairman Ben Bernanke. However, when Bernanke’s term ends January 31, 2014, Ms. Yellen will not become the next “chairman” of the Fed… for the exact same reason she was not referred to as the “vice chairman” of the Fed in her previous role. As the first woman to lead the Federal Reserve in its 100-year history, Ms. Yellen is being referred to as the “chair” of the Federal Reserve not the “chairman.” In the end, though, no matter what Ms. Yellen is called as she leads the Fed for the next four years, investors can count on her maintaining the same level of commitment toward easy-money policies to aid the United States’ economic and market recovery.
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: