Yellen expected to stay the course set by Fed

10/10/2013 | Reuters

Janet Yellen, President Barack Obama's nominee to head the Federal Reserve Board, is expected to stay focused on increasing jobs and monetary policy and not divert from the Fed's current stance on greater capital levels and reducing risk, experts say. Yellen's nomination is "a dark cloud for the largest U.S. banks hoping for a reprieve from tough new rules," says Karen Shaw Petrou of Federal Financial Analytics.

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