9 things to know about Yellen

Federal Reserve vice-chair Janet Yellen is expected to be named head of the Fed today after the Senate approves her nomination.

Read: Should we worry about the next Fed chair?

The Washington Post has put together a list of things to know about President Barack Obama’s pick to run the central bank.

The first: she is likely the most qualified Fed chair in history, with previous experience not only as vice-chair but as head of the San Francisco Fed, and on the bank’s board of governors.

She thinks the U.S. should focus on job creation.

She is also potentially open to changing the way the bank conducts its monetary policy, by focusing on nominal GDP instead of inflation, the Post reports.

For the other need-to-know details, read more here.

Also, tune in to this link at 3pm ET to hear more from Obama about Yellen’s potential appointment.

Also read:

Top choices for new Fed leader

U.S. should focus on boosting employment

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.