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bemildred

(90,061 posts)
Fri Nov 1, 2013, 05:25 AM Nov 2013

Senator Paul Predicts Yellen to Win Confirmation to Fed

Senator Rand Paul, a Kentucky Republican, predicted Federal Reserve Vice Chairman Janet Yellen will win U.S. Senate confirmation to succeed Ben S. Bernanke as central bank chairman.

Asked if Senate Majority Leader Harry Reid, a Nevada Democrat, has the votes to get Yellen confirmed, Paul said, “in all likelihood, yes.” He spoke in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend.

Yellen yesterday began meeting with senators in preparation for a Nov. 14 nomination hearing by the Senate Banking Committee. She needs to win the panel’s approval before her nomination advances to the Senate for a confirmation vote. Bernanke’s term expires on Jan. 31.

“We had a nice meeting, a courteous meeting,” Senator Richard Shelby of Alabama, the banking panel’s No. 2 Republican, said after talking with Yellen, 67. He said he asked “a lot of questions about the role of the Fed,” and didn’t commit to supporting her nomination.

http://www.bloomberg.com/news/2013-11-01/senator-paul-predicts-yellen-to-win-confirmation-to-fed.html

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