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.”
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.