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Senate Set to OK Yellen as Central Bank Chief

The U.S. Senate appears set to confirm Janet Yellen as the new head of the U.S. central bank, making her one of the most powerful figures in world economic circles. The Senate is scheduled to vote late Monday on her nomination as chair of the Federal Reserve, replacing Ben Bernanke who is leaving at the end of the month. Analysts say Yellen has enough votes to win confirmation. Economists predict that Yellen, an economics professor and Federal Reserve vice chair will continue...

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