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Obama To Nominate Yellen As Bernanke Successor

wochit business
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October 08, 2013 AT 3:18 PM
WASHINGTON (AP) - President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation's central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.