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Transcripts for CNN CNN Newsroom 20131009 19:00:00

janet yellen. he s got an ivy league pedigree, from new york, and she s bernanke s right-hand man. some say chose rr the most qualifying to have this job. one called by a colleague a small lady with a large iq, janet yellen has 40 years of economics research under her build, after a ph.d. from yale, she went to harvard then berkeley, then to the federal reserve where she spent more than a decade. she garners huge respect from her colleagues and has helped steer fed reserve from the worst of policies. she s seen as a steady land, likely continuing the policy of pumping billions into the economy each month. if confirmed by the senate as expected, her biggest challenge will be to wind down that stimulus and allow the american economy to stand on its own. she was one of the few who saw the housing crisis coming,

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