Consumer Minute: historic day for the Fed and its impact on you

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by Sandra Parker, 13News Now

WVEC.com

Posted on January 6, 2014 at 10:10 AM

Updated Monday, Jan 6 at 10:20 AM

President Obama's nominee for head of the Federal Reserve, Janet Yellen, is expected to be voted on by the Senate today. If confirmed, Yellen would become the first woman to fill the powerful post, replacing Ben Bernanke.  The new central bank chief will have to make the decision to continue or end the Fed's popular stimulus program.  Yellen is expected to start her new job on Feruary 1st.

There's some competition heating up in the mobile industry.  AT&T is offering T-Mobile users up to $450 in credit to switch providers.  According to analysts, we can look for a similar announcement from T-Mobile this week.

If airlines are looking to save time and money, it seems one way to drastically do that is by boarding passengers based on their number of carry-ons instead of where they are seated.  It's estimated that larger carriers like Delta could save up to $10-million a year in the time savings!

The nation's first bookless library is now open in San Antonio, Texas.  With its rows of IMacs, it looks more like an Apple store than a library. Oh - and the librarians also wear matchingTt-shirts and hoodies. 

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