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November 20, 2013 AT 10:35 AM
Republican Senator Bob Corker said on Wednesday he has decided to support Janet Yellen's nomination to lead the Federal Reserve. Corker, who voted against Yellen's nomination as Fed vice chair in 2010 and recently voiced skepticism about her taking over as chairwoman of the U.S. central bank, said in a statement that he decided to support her in part because he believes "she will bring a more transparent approach to Fed decisions and guidance."