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Yellen’s Path From Liberal Theorist to Fed Voice for Jobs

New York Times (10/09/13) Binyamin Appelbaum

Janet Yellen, President Obama’s nominee to succeed Ben Bernanke as the chairman of the U.S. Federal Reserve, is expected to extend the Fed’s stimulus campaign. She is more concerned with unemployment than with inflation, and is convinced the Fed is capable of creating job growth. Some Senate Republicans and investors are concerned she will not guard sufficiently against inflation.