VIDEO: As Yellen Makes Fed Debut, Expect Theater, Not Fireworks

Janet Yellen’s first test as chair of the Federal Reserve comes on Tuesday when she faces U.S. lawmakers, some hostile to the central bank, who will want to know how committed she is to winding down the Fed’s support for the economy. With the world’s financial markets watching, Yellen, who succeeded Ben Bernanke last week, will have a chance to set a mostly upbeat tone and point to signs of steady economic progress, despite some recent bumps in the road.

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VIDEO: As Yellen Makes Fed Debut, Expect Theater, Not Fireworks

VIDEO: U.S. Senate Sets Monday Vote On Janet Yellen To Head Fed

According to a Senate Democratic leadership aide, The U.S. Senate has set a Monday vote on President Barack Obama’s choice of Janet Yellen to chair the Federal Reserve and replace Ben Bernanke. The Senate is expected to vote at around 5:30 p.m. EST (2230 GMT) Monday on Yellen, who would become the first woman to chair the U.S. central bank. On December 20, the Senate voted 59-34 to move forward with the nomination, indicating she had enough support to win confirmation. Bernanke’s second four-year term expires on January 31.

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VIDEO: U.S. Senate Sets Monday Vote On Janet Yellen To Head Fed

VIDEO: Analysis: The Road Ahead for Fed, Economy

Sterne Agee Chief Economist Lindsey Piegza joins MoneyBeat to discuss how the Fed might devise that won’t negatively impact the market.

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VIDEO: Analysis: The Road Ahead for Fed, Economy

VIDEO: Analysis: The Road Ahead for Fed, Economy

Sterne Agee Chief Economist Lindsey Piegza joins MoneyBeat to discuss how the Fed might devise that won’t negatively impact the market.

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VIDEO: Analysis: The Road Ahead for Fed, Economy

VIDEO: Yellen Stands By Fed"s Low Interest Rate Policies

Janet Yellen is telling a Senate panel that the economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen is testifying to the Senate Banking Committee, which is considering her nomination to be the next chairman of the Fed. She says the economy is still performing far below its potential. And she points out that inflation is running below the Fed’s 2 percent target.

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VIDEO: Yellen Stands By Fed"s Low Interest Rate Policies

VIDEO: The Case Against Larry Summers for Fed Chairman

National Journal’s Michael Hirsh says the former Treasury secretary’s refusal to admit his mistakes make him the wrong choice.

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VIDEO: The Case Against Larry Summers for Fed Chairman

VIDEO: The Case Against Larry Summers for Fed Chairman

National Journal’s Michael Hirsh says the former Treasury secretary’s refusal to admit his mistakes make him the wrong choice.

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VIDEO: The Case Against Larry Summers for Fed Chairman