CHART OF THE DAY: How The Fed Chair Nomination Process Worked The Last 12 Times
Goldman Sachs economist and political analyst Alec Phillips thinks the nomination of
Yellen, the current vice chair of the
Because she enjoys significant support in the Senate, the confirmation process will likely go smoothly for Yellen, should the White House choose to nominate her.
However, that hasn't always been the case. The chart below, provided by Phillips in a note to clients, shows the confirmation timeline for the last five Fed chairs (12 terms in all).
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