Rand Paul Says It's Likely Yellen Will Be Confirmed as Next Fed Chair

Despite his attempts to block the confirmation process

Sen. Rand Paul thinks the Senate will confirm Janet Yellen as Federal Reserve chair — despite his plan to throw a speed bump into the process.

Paul told Senate leaders earlier this week that he will file a hold on her nomination to try to force a vote on legislation first championed by his father, former-Rep. Ron Paul (R-Texas), that would authorize the Government Accountability Office to audit how the central bank implements monetary policy.