The Senate vote to confirm Janet Yellen as Federal Reserve chair wasn't as convincing as past confirmations and reveals concerns about a fragile economy, former Rep. Ron Paul told CNBC on Tuesday.
"I think everybody's going to be a little bit worried about what will come in the future, and I think they should have more concern about the system and the Federal Reserve policies themselves rather than one individual," Paul said on "Squawk on the Street." "It's a shame that we've gotten to the point that the markets just hang on every second of everything an individual like the chairman will say. It just is totally bewildering."
Yellen won Senate confirmation Monday by a 56-26 margin. Eleven Republicans voted in favor, and all "no" votes were by Republicans.