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From: "CNN Breaking News"
Date: 10 October, 2013 4:03:27 HKT
Subject: CNN Breaking News
President Obama nominated Janet Yellen to serve as the next Federal Reserve chief, calling her "one of the nation's foremost economists and policy makers."
If Yellen is confirmed by the Senate, she will become the first woman to head the central bank in its 100-year history when Ben Bernanke's term ends in January. Obama praised Bernanke for "extraordinary service" as chairman and said that Yellen, as Fed vice chairwoman for three years, has been "exemplary and a driving force of policies to help boost our economic recovery."
Yellen's nomination was announced as Federal Reserve minutes were released that revealed officials were torn on whether to begin slowing their stimulus program at their last meeting in September.
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