Janet Yellen during her confirmation hearing earlier this month. She's expected to win Senate approval to take over as head of the Federal Reserve. Brendan Smialowski /AFP/Getty Images hide caption itoggle caption Brendan Smialowski /AFP/Getty Images The Two-Way Yellen's Nomination To Fed Gets OK From Senate Committee November 21, 2013 If confirmed by the full Senate in December, Janet Yellen would become the first woman to lead the central bank. She's currently the Fed's vice chairman. Analysts do not expect major policy shifts after the departure of current Chairman Ben Bernanke.