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Yellen Is Obama Choice To Succeed Bernanke At Fed

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October 09, 2013 AT 8:32 AM
WASHINGTON (AP) - Capping a lengthy and politically charged search, President Barack Obama will nominate Janet Yellen, the Federal Reserve's vice chair, to be chairman of the nation's powerful central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed's monetary policies.