Janet Yellen faces Senate confirmation hearing
Janet Yellen, President Barack Obama’s nominee to replace Ben Bernanke as head of the Federal Reserve, testifies before the Senate Banking Committee Thursday at 10 a.m. Having served as vice chair of the Fed since 2010, Yellen has been a strong proponent of the Fed’s monetary stimulus policy and of the Fed transparently communicating their goals. In her prepared remarks, released in advance Wednesday, Yellen promotes using monetary policy tools to achieve a more robust economy. If, as expected, the full Senate confirms her nomination, Yellen will become the first woman to head a major central bank.
Watch Mr. Obama’s Oct. 9th nomination of Yellen and watch Judy Woodruff discuss the nomination with Christina Romer of the University of California, Berkeley, and former Congressional Budget Office director Douglas Holtz-Eakin.