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Yellen is Obama choice to succeed Bernanke at Fed
AZ Central: 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.
If confirmed by the Senate, Yellen would be the first woman to head a major central bank anywhere in the world.
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