Fed Minutes from the December 17-18 meeting, after which the central bank announced its plan to reduce monthly asset purchases by $10 billion to $75 billion, could give further insight into the reasons behind the decision and offer clues about how quickly the Fed will wind down the stimulus. The minutes will be released on Wednesday.
The Senate on Monday confirmed Janet Yellen to head the Federal Reserve, setting her up to take office Feb. 1 as one of the most powerful economic policy makers in the world.
Ms. Yellen, who will be the central bank’s first female chief in its 100-year history, was easily confirmed by the Democratic-controlled Senate. She is expected to be sworn into office Feb. 1 and lead the Fed’s policy meeting in March.
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