Janet Yellen, the chairman of the Federal Reserve, will step down from the central bank's Board of Governors when her successor assumes the chairmanship in February. President Trump announced he would nominate Fed governor Jerome Powell to succeed Yellen as chair when her term comes to an end early next year.
Yellen's term as governor would run until 2024, but she announced Monday that she would step down from the board as well when Powell takes over. "As I prepare to leave the board, I am gratified that the financial system is much stronger than a decade ago," Yellen wrote in a letter informing Trump of her decision. "I am also gratified by the substantial improvement in the economy since the crisis."
Yellen's departure will leave Trump with four vacancies on the Fed's governing board. He has nominated just one replacement, Randal Quarles, who has been confirmed by the Senate. The remaining open governorships have yet to see any replacement nominees. Kimberly Alters
The official White House Twitter account posted its final message of the Obama era on Friday morning, shortly before President-elect Donald Trump's inaugural ceremony began.
Yes we can.
Yes we did.
Thank you for being a part of the past eight years. pic.twitter.com/mjmr4RkxpV
— The White House (@WhiteHouse) January 20, 2017
The tweet, notably, featured a picture showing Obama and first lady Michelle Obama hand-in-hand with Rep. John Lewis (D-Ga.), the congressman who feuded last week with Trump after questioning the legitimacy of his presidency. Lewis is not attending the inauguration.
I won't stop; I'll be right there with you as a citizen, inspired by your voices of truth and justice, good humor, and love.
— President Obama (@POTUS) January 20, 2017
Actress Florence Henderson, known for her role as mom Carol Brady on TV sitcom The Brady Bunch, died Thursday night. She was 82, and reportedly suffered heart failure.
After The Brady Bunch ended in 1974, Henderson went on to guest star in shows like Ally McBeal and 30 Rock, and reprised her role as mother of the big, blended family in various spinoffs, including The Brady Bunch Variety Hour. "It represents what people always wanted: a loving family," Henderson said in 1999 about The Brady Bunch. "It's such a gentle, innocent, sweet show, and I guess it proved there's always an audience for that."
Henderson got her start as a singer, debuting on Broadway in 1952 at age 18. In 1962, she became the first woman to guest host The Tonight Show. She was hosting a cooking show on Retirement Living TV at the time of her death.
"Florence was not only America's favorite TV mom, but television royalty," The National Academy of Television Arts and Sciences said in a statement. Maureen McCormick, who played Marcia Brady on The Brady Bunch, tweeted a farewell to her "dear friend for so very many years." Becca Stanek
You are in my heart forever Florence pic.twitter.com/PABCuPubA2
— Maureen McCormick (@MoMcCormick7) November 25, 2016
"There's just something about 18 years," he said, tearing up throughout his speech. "Eighteen's a good number, and today I retire from pro football."
Manning, 39, is a five-time MVP and two-time Super Bowl champion, winning in 2016 with the Broncos and in 2007 with the Indianapolis Colts, where he spent most of his storied career. The quarterback, whose father and brother have also had successful NFL careers, is a shoo-in for the Pro Football Hall of Fame. Julie Kliegman
Former Sen. Jim Jeffords of Vermont, the man who rocked the political world in 2001 when he left the Republican Party and flipped control of the Senate to the Democrats, has died at age 80, the Burlington Free Press reports.
The newspaper also reports that at the time of his retirement from the Senate in 2006, Jeffords was in the early stages of Alzheimer's disease, and since then he has been cared for at a facility near Washington, D.C.
Jeffords was first elected to the House of Representatives in 1974, and then moved up to the Senate in 1988. During that time he was known as a moderate or even liberal Republican — a brand of politician that was disappearing from the political landscape.
Then in the late spring of 2001, at a time when both the Republicans and the Democrats had 50 seats each in the Senate, he switched to become an independent and caucused with the Democrats, declaring that he could no longer support the policies of President George W. Bush and the Republican leadership. The Democrats then held the majority for about a year and a half, until they lost it once more in the 2002 elections, and Jeffords remained as a member of the Democratic caucus until his retirement in 2006. Eric Kleefeld