While President Obama's decisionto nominate Janet Yellen as the first female chairman of the Fedhas been praised as historic, some Senate Republicans vowed to thoroughly examineher record.

“I intend to fairly but rigorously scrutinize this nominee. Whatwe need in the Fed is a policy of humility that recognizes itslimitations and the risk of continued easing,” said Senator JeffSessions (R-Alabama), Ranking Member of the Senate Budget Committeeon Wednesday.

“The stimulus mindset in Washington – both fiscal and monetary –has not produced strong, sustainable growth.”

Senator Bob Corker (R-Tenn.), a member of the Senate BankingCommittee, echoed Sessions.

“She wasn't someone I could support back in 2010. I doubt that'sgoing to change,” Corker said.

“We will closely examine her record since that time, but I amnot aware of anything that demonstrates her views have changed,” headded.

“Ms. Yellen subscribes to the liberal school of thought that thebest way to handle to our nation's fiscal challenges is to throwmore money at them,” said the second ranking Republican in theSenate, John Cornyn (R-Texas).

“This stimulus obsession is the reason the nation finds itselfin the fiscal calamity it does today, and the last thing we need isa leader at the helm of the Federal Reserve who is intent on morequantitative easing that harms our economy and further burdenshard-working Americans.”

Senator Pat Roberts (R-Kansas), a member of the Senate FinanceCommittee, said he would oppose Yellen's nomination.

“I am opposed to the President's nomination of Janet Yellen toChair the Federal Reserve Board of Governors. Vice Chair Yellenwill continue the destructive and inflationary policy of pouringbillions of newly printed money every month into our economy, andartificially holding interest rates to near zero. This policy hasbeen in place far too long,” said Roberts.

“It continues to be done because our Administration is desperateto finance our burgeoning national debt, now approaching $17trillion, at a low interest rate, instead of dealing with the hardissues of decreasing federal spending,” he added.

Senate Banking Committee Ranking Member Mike Crapo (R-Idaho)also said in a statement that Yellen's nomination would be“carefully reviewed and considered by the Banking Committee.”

Senate Banking Committee Chairman Tim Johnson (D-S.D.) said hewould work with Crapo to move Yellen's nomination forward in a timely manner.

“I commend President Obama on his selection of Dr. Yellen to bethe first woman to serve as Federal Reserve Chairman. She has adepth of experience that is second to none, and I have no doubt shewill be an excellent Federal Reserve Chairman,” he said.

“In addition to having more than a decade's worth of experienceworking on monetary policy at the Federal Reserve, Dr. Yellen hasalso worked at the White House as Chairman of the Council ofEconomic Advisors and taught at some of world's most prestigiousuniversities. I will work with Ranking Member Crapo and therest of the members of the Banking Committee to move her nominationforward in a timely manner,” he added.

NAFCU President/CEO Dan Berger said he looks forward to workingwith Yellen on issues of concern to credit unions.

“Putting aside the politics of confirmation as well as thedebate on monetary policy, Gov. Yellen is extremely qualified to beFed chairman,” Berger said. “She has an impressive record both inacademia and as chair of the Council of Economic Advisers,president of the Federal Reserve Bank of San Francisco and as Fedvice chair.

A 501(c)(4) advocacy organization, American Principles inAction, launched a website, NoOnYellen.com on Thursday andpledged to spend $25,000 to broadcast videos on various financialwebsites opposing Yellen, according to a press release.

James Grant, author and founder of Grant's Interest RateObserver, Daniel Oliver, founder of Myrmikan Capital and directorof the Committee for Monetary Research and Education, and SeanFieler, president of Equinox Partners, are featured in a video onthe website.

President Obama nominated Yellen, 67, for chairman of the Fed onWednesday. She would become the first woman to hold the position ifconfirmed. Current Chair Ben Bernanke's term expires at theend of January.