Yellen set for Thursday vote

City A.M. Reporter
SENATORS will vote on Janet Yellen’s appointment as chairman of the Federal Reserve on Thursday, the committee in charge of the appointment said yesterday.

At her appointment hearing last week Yellen expressed concern over the rate of unemployment, hinting she may be more dovish – prone to stimulating the markets with low interest rates and money printing – than previously thought.

Her appointment is expected to be approved in the vote.