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Yellen's One Step Closer to Fed Helm

  • Aired: 1/21/2013
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Synopsis >

A giant step for Janet Yellen toward becoming the next chair of the Federal Reserve. Largely breaking down between party lines, the U.S. Senate Banking Committee, voted 14 to 8 in favor of the central bank's current number two to succeed Ben Bernanke, who retires at the end of January. She is seen as even more dovish than Bernanke. But many fellow economists like Decision Economics', Cary Leahey, say Yellen is apt to be somewhat of a Bernanke 2.0.

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