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Obama Names Yellen to Head Federal Reserve

President Barack Obama has nominated Janet Yellen to head the U.S. Federal Reserve on Wednesday. If confirmed by the Senate, the 67-year-old Yellen would replace Ben Bernanke, whose second term as head of the U.S. central bank ends January 31. Yellen is currently the vice chair of the Fed. Previously, she was a professor at the University of California at Berkeley, head of the Federal Reserve Bank of San Francisco and a presidential adviser. Her speeches and public comments favor the low ...

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