Janet Yellen and Your Money

If you`ve got money in the market, you will want to watch what happens in Washington tomorrow. Janet Yellen, President Obama’s choice to become the next head of the Federal Reserve, faces the Senate Banking Committee in her confirmation hearings. She’s expected to win the job but not before being peppered with questions about interest rate policy, inflation, unemployment, transparency at the Fed and, oh, yes, how soon she might pull back on the stimulus the Fed has been pumping into the economy.

In this interview Michael Feroli, chief U.S. economist at JPMorgan talksabout Janet Yellen and what she means for your money.

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