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Storms brew as Yellen takes charge of Fed

Janet Yellen was all smiles at her swearing in ceremony. She is now the first female to chair the Federal Reserve. And inherits a pile of work and big decisions. The Fed is in the middle of unwinding its unprecedented bond buying program- taking it down by $10 billion for the second time last week. And she is closely watching the unemployment rate- now at 6.7 percent- very close to the Fed's target of 6.5%. A topic sure to come up at her first big testimony to Congress next week: BMO Capital Markets Chief U.S. economist Michael Gregory: SOUNDBITE: MICHAEL GREGORY, CHIEF U.S. ECONOMIST, BMO CAPITAL MARKETS (ENGLISH) SAYING: "I think she will obviously talk about the unemployment rate between the two aspects of the mandate: the inflation underperformance and too high unemployment. Ms Yellen has always put a bit more emphasis on the labor market side. But that unemployment rate has fallen quite a bit over the last little while and I think what she will probab

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