White House preparing to name Yellen Fed chair -WSJ report

WASHINGTON Tue Oct 8, 2013 6:55pm EDT

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WASHINGTON Oct 8 (Reuters) - President Barack Obama is preparing to announce that he will nominate Federal Reserve Vice Chairwoman Janet Yellen to become the U.S. central bank's new head in the coming days, perhaps as soon as Wednesday, the Wall Street Journal reported on Tuesday.

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