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Janet Yellen to leave Fed after successor takes over as chair
Fed Chair Janet Yellen announced Monday that she will leave the Federal Reserve after he successor is sworn in. Yellen's four-term term as head of the central bank comes to an end in February, and she has the option of staying on as governor. President Donald Trump has nominated current Fed Governor Jerome Powell ton take over the position. Yellen's term as governor doesn't expire until Jan. 31, 2024. With her departure, Trump will have four open seats to fill on the board of governors. The Senate recently confirmed Randal Quarles to one position, but the president has not nominated others for the remaining ... (full story)
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