Brazil central bank nominee heads for hearings

Henrique Meirelles, nominated to be Brazil's next central bank president, on Tuesday goes before Congress for confirmation hearings. He is expected to face tough questioning on monetary policy but ultimately be approved for the job, analysts said.

The former president of global banking for FleetBoston Financial Corp. was nominated by President-elect Luiz Inacio Lula da Silva last week to head the central bank under Brazil's first elected government from a left-wing party.

The public Senate hear