
A few weeks ago President Barack Obama nominated Dr. Janet Yellen, the current Vice Chair of the Federal Reserve System, to replace Ben S. Bernanke as the chairman of the Federal Reserve. Dr. Yellen is scheduled to begin visiting senators next week in advance to her upcoming confirmation hearing in November, although Senator Rand Paul has already issued statements threatening to upset the hearings and block her from the position. If Dr. Yellen is confirmed as the next chairman she will be the … [Read more...]