Obama to Nominate Janet Yellen to Head Fed Reserve

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President Obama talks with CNN’s Wolf Blitzer

Courtesy: CNN


President Barack Obama intends to nominate Janet Yellen as chairwoman of the Board of Governors of the Federal Reserve System, a White House official said Tuesday. Yellen, a former professor, is now vice chairwoman of that board. Obama will make the announcement on Wednesday and will be joined by Yellen and current Chairman Ben Bernanke.

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