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U.S. Senate Committee on Banking, Housing, and Urban Affairs
Janet Yellen expected to be confirmed by Senate as Fed chief Monday
Janet Yellen expected to be confirmed by Senate as Fed chief Monday

WASHINGTON -- Senators on Monday are expected to confirm Janet L. Yellen as the next head of the Federal Reserve, scheduling a late afternoon vote that could be the closest ever for a leader of the central bank. Yellen, 67, a former UC Berkeley economist, would be the first woman to lead the Fed after being nominated by President Obama last fall and the first Democrat to hold the job since 1987. The Democratic-controlled Senate has set a vote for 5:30 p.m. EST on Monday, its first day back after a holiday break. QUIZ: How well do you understand the Fed stimulus? Despite the historic nature of the appointment and a well-regarded background as the Fed's current vice chair and as...

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