Janet Yellen: Obama's Logical Choice to Head the Fed

U.S. President Barack Obama's pick to become the nation's new central bank chief, Janet Yellen, is a long-time economist who favors the same low interest rate policies as current chief Ben Bernanke. Since 2010, Yellen has been vice chair at the central bank, also known as the Federal Reserve.  Born in 1946 in Brooklyn, New York, Yellen earned her doctorate in economics from Yale University. Before being appointed to her current position, she was an economics professor at the ...

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