MS NOW

Business Latest: Focus on the Fed

The president may get the attention, but most of the economic action this week will take place in the confines of the Fed.

Janet Yellen, President Obama's nominee to succeed Ben Bernanke as Federal Reserve chairman, testifies at her confirmation hearing, Nov. 14, 2013, on Capitol Hill in Washington.
Janet Yellen, President Obama's nominee to succeed Ben Bernanke as Federal Reserve chairman, testifies at her confirmation hearing, Nov. 14, 2013, on Capitol Hill in Washington.AP

Erica Pepitone