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Senate Democrats urge Obama to pick Janet Yellen, not Larry Summers, to run Fed

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Senate Democrats are wading into White House deliberations over a replacement for Federal Reserve Chairman Ben Bernanke when his term expires in January, taking unusual steps to influence monetary policy in response to reports that President Obama’s favored candidate is his former economic adviser Larry Summers. Led by Sen. Sherrod Brown of Ohio, a lawmaker known for populist views, a group of...

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