Economy: Economic News, Policy & Analysis - The Washington Post: Obama to name Yellen as Federal Reserve chairman on Wednesday

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Obama to name Yellen as Federal Reserve chairman on Wednesday
Oct 8th 2013, 23:02, by Zachary A. Goldfarb

President Obama will name Janet Yellen as Federal Reserve chairman on Wednesday, a White House official said.

Yellen, the current vice chairman of the Fed, was widely expected to be President Obama's nominee after his former economic adviser, Lawrence Summers, pulled out last month.

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