From the Senate Banking Committee: EXECUTIVE SESSION to Vote on the Nomination of The Honorable Janet L. Yellen to be Chairman of the Board of Governors of the Federal Reserve System
Thursday, November 21, 2013
10:00 AM – 12:00 PM
538 Dirksen Senate Office Building
COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in EXECUTIVE SESSION to consider the nomination of The Honorable Janet L. Yellen, of California, to be Chairman of the Board of Governors of the Federal Reserve System.
In an ideal world, the vote for Yellen would be unanimous. A few senators might vote against her, but she should be confirmed easily. Meanwhile Bernanke is still Fed Chairman and the focus will be on his speech tomorrow.
Tuesday:
•During the day: The AIA’s Architecture Billings Index for October (a leading indicator for commercial real estate).
• At 7:00 PM ET, Speech, Fed Chairman Ben Bernanke, Communication and Monetary Policy, National Economists Club Annual Dinner: Herbert Stein Memorial Lecture
Note: Housing Starts would have been released on Tuesday, but due to the government shutdown, starts for September and October will be delayed until next week. From the Census Bureau:
“New Residential Construction (NRC) data for September 2013 will be released with the October data release, which has been rescheduled to November 26, 2013.
Data collection for estimates of housing starts and completions occurs in the field with resources that are shared with other critical surveys. Full data collection will occur in November but will require extra time; hence, the scheduled releases are much later than originally scheduled in November. Normal data collection and data releases will resume with the release of the November data in December.”