Yellen brings lifelong concern with unemployment to Fed

10/9/2013 | Economist (tiered subscription model), The

As a monetary dove concerned more with unemployment than inflation, Janet Yellen's nomination to head the Federal Reserve is a groundbreaking event, according to The Economist. President Barack Obama's selection of her recognizes that the U.S., like most of the world, has struggled with weak demand and unemployment since 2008. As chairwoman of the central bank, Yellen would become the "first known dove to hold the position," the magazine notes.

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Economist (tiered subscription model), The

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