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Janet Yellen, President Obama’s nominee to succeed Ben Bernanke as Federal Reserve chair, defends the Fed’s stimulus policies as she testifies at her confirmation hearing before the Senate Banking Committee, on Capitol Hill in Washington, Thursday, Nov. 14, 2013 (AP)


Obama nominates Yellen to succeed Bernanke at Fed

Washington, AP—In a history-making selection, President Barack Obama has nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful...