U.S. Senate to nominate Janet Yellen this week

Source: Bloomberg
U.S. Senate Banking Committee plans to vote for a nomination of Janet Yellen as the new chairwoman of the Federal Reserve later this week. According to political experts' expectations, Democrats are going to vote for the nomination, while some Republicans oppose Yellen's plan to continue the bond-purchasing program, as the Fed's balance sheet has already reached almost $4 trillion.

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