Reid expects Yellen to be 'easily' confirmed as Fed chair

Reuters

WASHINGTON, Oct 29 (Reuters) - U.S. President Barack Obama'snomination of Janet Yellen to head the Federal Reserve appearsheaded toward a smooth confirmation by the Democratic-ledSenate, Senate Majority Leader Harry Reid said on Tuesday.

"I think she'll be confirmed quite easily," Reid, a NevadaDemocrat, told his weekly news conference.

Reid dismissed Republican Senator Rand Paul's threat to place"a hold" on the nomination unless there is a vote on Paul'sproposal to require greater transparency at the U.S. centralbank.

Reid, who is pushing for votes on a number of administrationnominees in coming days and weeks, said, "I'm not going to haveone senator, two senators, hold up these votes."

To end "a hold" on a nominee, Reid would need to muster thesupport of at least 60 of the Senate's 100 members. Democratsnow control the Senate, 54-46.

But with Yellen likely to draw broad bipartisan support,she is expected to draw far more than 60 votes, senior Democratssaid.

Yellen, currently the Fed's vice chair, is expected to begincourtesy visits later this week with members of the SenateBanking Committee, which will hold her confirmation hearing,likely on Nov. 14.

If confirmed, she would replace Ben Bernanke when his termas Fed chair expires at the end of January.

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