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Wednesday, October 9, 2013

Obama to Nominate Yellen for Fed Chair

President Obama will nominate Janet Yellen to succeed Ben Bernanke as chairman of the Federal Reserve, according to the White House. The president is expected to make the official announcement at a White House event this afternoon. If confirmed by the Senate, Yellen -- who has served as vice chair since 2010 -- will assume the top post when Bernanke'a term ends in January.

Read more about Yellen.

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