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US Senate Confirms Janet Yellen as New Central Bank Chief

The U.S. Senate has confirmed Janet Yellen as the new chair of the country's central bank, making her one of the most powerful figures in world economic circles.Monday's vote was 56 to 26. A simple majority was all that was needed to confirm her nomination by President Barack Obama.When sworn in, Yellen will be the first woman to head the 100-year-old Federal Reserve, replacing Ben Bernanke, whose eight-year tenure expires at the end of January.The head of the Federal Reserve often...

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