Fed nom­i­nee gains sup­port from GOP’s Corker

The Washington Times Daily - - Politics -

Janet Yellen, Pres­i­dent Obama’s nom­i­nee to be the next chair­woman of the Fed­eral Re­serve Bank, picked up a key Repub­li­can en­dorse­ment Wed­nes­day as Se­nate Bank­ing Com­mit­tee mem­ber Sen. Bob Corker of Ten­nessee said he would vote to con­firm her.

Mr. Corker ex­pressed con­cern about the Fed’s easy money poli­cies un­der re­tir­ing Chair­man Ben S. Ber­nanke and Mrs. Yellen, a la­bor econ­o­mist who has been vice chair­woman of the na­tion’s cen­tral bank since Oc­to­ber 2010. But he said in a state­ment he would vote for her af­ter talk­ing with the nom­i­nee about his con­cerns.

“I would pre­fer to see some­one who held a more mod­est view re­gard­ing the lim­its of mone­tary pol­icy on our

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