According to Reuters, the Senate Banking Committee will hold a hearing on Nov. 14 on the nomination of Federal Reserve Vice Chair Janet Yellen to take the helm of the central bank.

If confirmed by the full Senate, she would become the first woman to ever lead the U.S. central bank.

Yellen is expected to face criticism from Republicans concerned by the Fed's ultra-easy monetary policy, but no serious challenge to gaining Senate approval, where Democrats control 55 of its 100 seats.