Yellen is currently the vice chairwoman of the Federal Reserve. If confirmed, she would be the first woman to head the central bank.
“Our concern is more with the institution itself rather than who’s running it,” said FreedomWorks’ chief economist Wayne Brough.
Salim Furth, an economist with the Heritage Foundation, which is affiliated with Heritage Action, said he is skeptical of quantitative easing and other Fed policies, but that inside his organization economists take different views.
The Fed, he said, is “reinventing monetary policy. Clearly, there’s a lot we don’t know about what’s being tried now.”
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.