Recapping the day's news and newsmakers through the lens of CNBC.
President Obama's choice of Janet Yellen for Federal Reserve chairman didn't exactly buoy the markets—investors just have too much on their minds. But Wall Street was happy with the choice, and political experts said Yellen should be confirmed easily, despite objections from a few Republicans who don't like her support of quantitative easing.
"She's got her own opinion, especially if you look at the [FOMC] minutes. She's in there pushing her point of view. She's a feisty lady. ... I think her one weak point ... quantitative easing, is pretty unpopular in some circles."—Former Fed economist Kevin Hassett, director of economic policy studies at the American Enterprise Institute
"Okay, hit me for liking Yellen. Attack me. All she has done is everything you want your kid to be. Anyone have any kids? U know what I mean."—Tweet from CNBC's Jim Cramer