It`s an historic day for the United States and its economic policy. For the first time ever, a woman, Brooklyn-born economist Janet Yellen, is poised to be sworn in as the nation`s top banker. Early this evening, the Senate voted to confirm the 67-year-old Yellen as the chair of the Federal Reserve. She`s now its vice chair.
Eamon Javers joins us live in the nation`s capitol with more on tonight`s vote and what it means for interest rates, the Fed`s stimulus plan, and the American economy and Nariman Behravesh, chief economist at IHS, says that Janet Yellen`s biggest challenge will be how to unwind the Fed`s stimulus without derailing economic growth