As Fed chair, Yellen would face tough challenges

WASHINGTON (AP) — If she becomes the next Federal Reserve chair, the challenges that lie ahead for Janet Yellen will require both the steely intellect and the personable style that many attribute to her.

The job as the world’s most important banker comes with a daunting to-do list: deciding when to slow the Fed’s stimulus, forging consensus from a fractious policy committee and calculating the effects of any economic slowdown from Washington’s budget fight. That’s in addition to monitoring volatile financial markets and fine-tuning the Fed’s communications.