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Yellen to Back Stimulus Plan in Remarks to Senators
The New York Times: WASHINGTON — Janet L. Yellen, President Obama’s choice to lead the Federal Reserve for the next four years, plans to tell senators at her confirmation hearing on Thursday that continuing the Fed’s enormous stimulus campaign is the best way to revive the economy and hasten the program’s end.
Ms. Yellen’s prepared remarks, as expected, amount to an affirmation of the Fed’s current course, which she has helped create over the last three years as a crucial supporter of the current chairman, Ben S. Bernanke. She praised Mr. Bernanke for “wise and skillful leadership.”
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