The WSJ reported Tuesday evening that on Wednesday that the White House plans to nominate Janet Yellen to succeed Ben Bernanke as Chair of the U.S. Federal Reserve. Yellen became the overwhelming favorite for the position after Larry Summers removed his name from the running. Once confirmed, Yellen will be the oldest Fed chair in history.

Revisiting the Credit Suisse policy bias scale, it’s clear that Janet Yellen is likely to be at least as loose with monetary policy as Bernanke has been, if not more so.

Fed Policy Bias Janet Yellen Will Be Fed Chair, The Scale Leans Dovish