Advocacy group to fight Yellen’s nomination


WASHINGTON — A conservative group has launched a campaign to stop Janet L. Yellen from becoming the next head of the Federal Reserve, arguing her confirmation would lead to an expansion of easy-money policies and that such a move would cause prices to soar.

American Principles in Action, a Washington advocacy group, has created a Web site called and said it planned to spend $25,000 placing a two-minute video on financial Web sites urging opposition to Ms. Yellen, President Obama’s nominee to replace Fed Chairman Ben S. Bernanke.