Janet Yellen Faces Senate Confirmation Hearing

The Senate Banking, Housing and Urban Affairs Committee hearing room is ready for the hearing on the nomination of Janet Yellen to be chair of the of the Federal Reserve Board. Photographer: Pete Marovich/Bloomberg

The Senate Banking, Housing and Urban Affairs Committee hearing room is ready for the hearing on the nomination of Janet Yellen to be chair of the of the Federal Reserve Board. Photographer: Pete Marovich/Bloomberg

I covered the Senate confirmation hearing for Janet Yellen to be the next chairperson of the Federal Reserve for Bloomberg News today. She was nominated by President Obama to succeed Fed chairman Ben Bernanke when his term expires in January. Yellen would be the first woman to lead the institution in its 100-year existence.

Janet Yellen, vice chairman of the U.S. Federal Reserve and U.S. President Barack Obama's nominee as chairman of the Federal Reserve, arrives before a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2013. Yellen signaled she will carry on the central bank's unprecedented stimulus until she sees improvement in an economy that's operating well below potential. Pete Marovich/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve and U.S. President Barack Obama’s nominee as chairman of the Federal Reserve, arrives before a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2013. Yellen signaled she will carry on the central bank’s unprecedented stimulus until she sees improvement in an economy that’s operating well below potential. Pete Marovich/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve and U.S. President Barack Obama's nominee as chairman of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2013. Yellen signaled she will carry on the central bank's unprecedented stimulus until she sees improvement in an economy that's operating well below potential. Pete Marovich/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve and U.S. President Barack Obama’s nominee as chairman of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2013. Yellen signaled she will carry on the central bank’s unprecedented stimulus until she sees improvement in an economy that’s operating well below potential. Pete Marovich/Bloomberg

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