Fed nominee gains support from GOP’s Corker
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