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Yellen champions Biden’s economic plan at confirmation hearing: live blog

Former Fed chairwoman calls for U.S. to ‘act big’

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By Greg Robb, MarketWatch


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Janet Yellen, the former Federal Reserve chairwoman, will go before the Senate Finance Committee on Tuesday for her confirmation hearing as President-elect Joe Biden’s nominee to head the U.S. Treasury.

Join MarketWatch for a live blog of the Senate confirmation hearing for Janet Yellen, President-elect Joe Biden’s nominee to head the Treasury Department.

The former Federal Reserve chairwoman is expected to say that the U.S. should “act big” on the economy, with interest rates at historic lows. She will also reportedly affirm the U.S.’s commitment to market-determined exchange rates.

Yellen will testify before the Senate Finance Committee. Stay with MarketWatch for live updates of her testimony and questions and answers with senators.

Key tickers: Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.75%   U.S. dollar /zigman2/quotes/210598269/delayed DXY +0.02%   10-year Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +10.39% .

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Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.

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