President Obama has taken his time in choosing a new Federal Reserve Chairman. It's a four-year post so whoever he picks will lead the central bank well into the next president's term. Top contender Larry Summers withdrew his name from consideration. Analysts speculate the No. 2 at the Fed, Janet Yellen, will now be the top choice.
Source: http://www.npr.org/2013/09/19/223939682/senators-economics-lobby-for-yellen-to-be-fed-chairman?ft=1&f=1006
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