WASHINGTON — The Senate on Monday confirmed Janet Yellen to be the next leader of the Federal Reserve Board, making her the world's most powerful central banker.

Yellen, the current vice chair at the U.S. central bank, stands to become the first woman to lead the Fed in its 100-year history. It will now fall to her to be responsible for guiding the agency forward as it gradually unwinds its monthly $75 billion bond-buying program and overseeing the finalization of critical bank regulatory laws called for by the Dodd-Frank Act.

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