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Janet Yellen guarantor of Bernanke policy

October 10, 2013

U.S. President Barack Obama nominated Janet Yellen to succeed Ben Bernanke, when his term expires at the end of January. Yellen, being the first female leader in the 100-year history of the Federal Reserve, will probably guarantee a continuation of the Fed’s ultra-expansive monetary stimulus to make sure the economy is heading toward lower unemployment without sparking inflation.