Fed Chair Nominee Yellen Expected To Follow Bernanke’s Lead
By Erin Coe
Law360, San Diego (October 9, 2013, 10:59 PM EDT) -- President Barack Obama on Wednesday tapped current Federal Reserve Vice Chairman Janet Yellen to lead the central bank, and if confirmed she is expected to stay the course set by current Chairman Ben Bernanke by continuing programs to stimulate the economy — a strategy the banking industry would welcome, experts say.
Yellen has served as vice chair for the last three years and previously served as the chair of former President Bill Clinton’s council of economic advisers. She was nominated less than a month after former...