Wednesday 9 October 2013

White House Nears Yellen Nomination as Fed Chief

online.wsj.com - President Barack Obama is preparing to announce that he will nominate Federal Reserve Vice Chairwoman Janet Yellen to become the central bank's new leader in coming days, perhaps as soon as Wednesday.The nomination would conclude a long and unusually public debate about Mr. Obama's choice which started last June when he said that Ben Bernanke wouldn't be staying in the post after his term ends in January.

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