November 21, 2013

Confirmation predicted for Fed pick

Janet Yellen looks likely to become chairman of the Federal Reserve.

The Washington Post

WASHINGTON — President Obama’s pick to lead the Federal Reserve appears likely to be confirmed, as several Republicans indicated Wednesday that they are open to the nomination.

Sen. Bob Corker, R-Tenn., said he plans to support Janet Yellen, currently the No. 2 at the nation’s central bank, for the top job despite their disagreements over the limits of the Fed’s power. Corker is a member of the Senate banking committee, which is slated to vote Thursday to send Yellen’s nomination to the floor and the first Republican to announce his approval publicly.

“I do believe she will bring a more transparent approach to Fed decisions and guidance,” he said.

Democrats hold a majority in the Senate but don’t have enough votes to break a Republican filibuster, making bipartisan support essential to Yellen’s confirmation. Sens. Tom Coburn, R-Okla., Susan Collins, R-Maine, and Orrin Hatch, R-Utah, said this week that they have yet to make a final decision, leaving the door open for a favorable vote.

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors

Further Discussion

Here at PressHerald.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)


More PPH Blogs