Yellen, new Fed chair, takes hot seat at Capitol

The health of the U.S. economy and the extraordinary and controversial measures the Federal Reserve has taken to support it will top the agenda on Tuesday when Janet Yellen testifies to lawmakers for the first time as head of the Federal Reserve. Yellen, in just her second week on the job since succeeding Ben Bernanke earlier this month, will want to reinforce the central bank's determination to halt the money-printing presses later this year while ensuring investors that a rise in interest rates remains a long way off, economists say. Yellen's prepared testimony on the Fed's semiannual monetary policy report will be released at 8:30 a.m. (1330 GMT). New Fed chairs sometimes set monetary policy on a different path, as Paul Volcker did in 1979.

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