Corker Says Yellen Likely to Be Confirmed as Fed Chief by Senate

Republican Senator Bob Corker said Janet Yellen is likely to win Senate confirmation to be chairman of the Federal Reserve, even though he has reservations about her.

“I think she’s probably going to be confirmed,” Corker, a member of the Senate Banking Committee, which decides whether to send candidates for the Fed to the Senate floor, said on Bloomberg Television’s “Political Capital with Al Hunt,” which will air tonight and this weekend.