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News Now

Washington
Senate Banking Chair: Yellen Fed Nomination Will Move Quickly
WASHINGTON (11/4/13)--Senate Banking Committee Chairman Tim Johnson (D-S.D.) last week pledged to move Janet Yellen's nomination to lead the Federal Reserve Board quickly through his committee.

Committee members met with Yellen last week, and Johnson said his conversation with her "reaffirmed that President Obama has picked an outstanding nominee to serve as the next Federal Reserve Chairman.

"I commend her for her dedication to bringing down unemployment and putting Americans back to work," Johnson added, saying he is excited to cast his confirmation vote.

A Senate Banking Committee hearing on Yellen's nomination could reportedly be held on Nov. 14. (News Now, Oct. 29.)


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