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Yellen to Leave Fed Board When New Leader Sworn In

Fed Chair Janet Yellen says she will leave the U.S. central bank’s board when her successor is sworn in early next year. Jerome Powell was chosen by President Donald Trump to head the Federal Reserve when Yellen’s term expires. Powell must be confirmed by the U.S. Senate before he can take office, but analysts say his approach to managing interest rates is similar to Yellen’s. She is credited with managing the economy in ways that boosted recovery from the 2007 recession and cut unemployment in half. In her resignation letter…

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