According to Reuters, Federal Reserve Chair Nominee Janet Yellen is heading towards a smooth Senate confirmation.

"I think she'll be confirmed quite easily," Senate Majority Leader Harry Reid said.

Reid dismissed Republican Senator Rand Paul's threat to place "a hold" on the nomination unless there is a vote on Paul's proposal to require greater transparency at the U.S. central bank.

Reid, who is pushing for votes on a number of administration nominees in coming days and weeks, said, "I'm not going to have one senator, two senators, hold up these votes."