BUSINESS

Yellen To Back Stimulus In Confirmation Hearing

Janet Yellen, vice chairman of the U.S. Federal Reserve, listens at a macro policy discussion during the International Moneta
Janet Yellen, vice chairman of the U.S. Federal Reserve, listens at a macro policy discussion during the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington, D.C., U.S., on Tuesday, April 16, 2013. The IMF cut its global growth forecast and urged European policy makers to use 'aggressive' monetary policy as a second year of contraction leaves the euro area's recovery lagging behind the rest of the world. Photographer: Andrew Harrer/Bloomberg via Getty Images

Janet L. Yellen, President Obama's choice to lead the Federal Reserve for the next four years, plans to tell senators at her confirmation hearing on Thursday that continuing the Fed's enormous stimulus campaign is the best way to revive the economy and hasten the program's end.

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