Yellen to replace Kohn as Fed vice chair?

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Janet Yellen, the president of the San Francisco Federal Reserve, looks set to succeed Donald Kohn as vice chairman of the Federal Reserve.

US media on Friday reported that Yellen, regarded as the most dovish member of the rate-setting Federal Open Market Committee, was to be nominated by the Obama administration for the role shortly.

Vincent Reinhart, a resident scholar at the American Enterprise Institute and a former Fed economist, told CentralBanking.com: "She's an excellent economist and a

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