While President Obama's decision to nominate Janet Yellen as the first female chairman of the Fed has been praised as historic, some Senate Republicans vowed to thoroughly examine her record.
"I intend to fairly but rigorously scrutinize this nominee. What we need in the Fed is a policy of humility that recognizes its limitations and the risk of continued easing," said Senator Jeff Sessions (R-Alabama), Ranking Member of the Senate Budget Committee on Wednesday.
"The stimulus mindset in Washington – both fiscal and monetary – has not produced strong, sustainable growth."
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