Sen. Elizabeth Warren (D-Mass.) said that she anticipates Janet Yellen will be a more aggressive financial regulator than Ben S. Bernanke when she succeeds him as chairman of the Federal Reserve Board, Bloomberg News reported today. Warren said that she is “optimistic” about Yellen’s approach to financial regulation, particularly with big banks. Yellen will take over as the Fed trims monthly bond purchases in a first step toward lessening the unprecedented economic stimulus commenced under Bernanke’s leadership. His second four-year term expires on Jan. 31.
