More than 300 economists have signed an open letter supporting Federal Reserve Vice Chairman Janet Yellen to lead the Fed once Ben Bernanke leaves the position. "She is the best possible leader for the Federal Reserve Board at this critical time in our nation's history,” they wrote, adding that Yellen is "not beholden to a single interest group, nor to a single industry." A group of 20 senators has also submitted a letter to President Barack Obama in support of Yellen.

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