Yellen Confirmation Hearing Thursday

Yellen Confirmation Hearing Thursday (Reuters)

Janet Yellen will appear before the Senate Banking Committee on Thursday, Nov. 14, at 10 a.m. She is expected to easily obtain confirmation, given her extensive experience in the Federal Reserve Bank and deep knowledge of monetary policy. Observers expect her appointment to signal a continuation of the Fed’s easy money policies. “Yellen has given a lot of thought to these issues and I think she will perform very well before the committee,” said Tony Fratto, a former spokesperson for President George W. Bush. Additionally, the Democratic Party controls the U.S. Senate with 55 seats; only five Republican Senators will need to vote to confirm her appointment.