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Obama Taps Yellen to Replace Fed Chief Bernanke


Obama Taps Yellen to Replace Fed Chief Bernanke
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President Barack Obama has named Federal Reserve Vice Chairman Janet Yellen to head the U.S. central bank after Ben Bernanke steps down at the end of January. The US senate still has to confirm Yellen, but analysts believe she’s a safe choice to steer US monetary policy in troubled economic times.

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