Yellen Defends Fed Stimulus Policy at Senate Confirmation Hearing

Federal Reserve Vice Chair Janet Yellen faced tough questions Thursday at a Senate hearing aimed at testing her qualifications to be the next head the US central bank. Yellen is poised to become the first woman to hold that position when Fed chair Ben Bernanke steps down in January. She defended steps taken by her predecessor to stimulate the US economy and vowed to continue those efforts until the U.S. recovery takes hold. Mil Arcega has more.]]