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Janet Yellen will keep Fed on steady course

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As a star economist and vice chairman of the Federal Reserve since 2010, Janet Yellen had a compelling claim to succeed Ben Bernanke as Fed chairman. But it was political machinations that led to her nomination for the top job. Instead of being favored for her record, she was promoted by supporters because she was the anti-Summers, an alternative to front-runner Larry Summers, the...