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Senator Elizabeth Warren says Janet Yellen a ‘terrific’ choice to succeed Ben Bernanke

Rebel Democrats on Monday threw their weight behind a growing campaign for Janet Yellen to take over the US Federal Reserve, as their successful revolt against White House pick Larry Summers emboldened those calling for tougher policy toward Wall Street. Senator Elizabeth Warren, one of four banking committee members who…

Larry Summers would likely raise interest rates faster than Janet Yellen

By Alister Bull WASHINGTON (Reuters) – Barring another financial crisis or slide back into recession, the next head of the Federal Reserve is likely to oversee a gradual normalization of monetary policy. But that pace, including the first interest rate hike, might be somewhat quicker under former Treasury Secretary Lawrence…

Chance of 2012 U.S. recession tops 50 percent

(Reuters) – The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank. While it is difficult to gauge the odds precisely, an analysis of leading U.S. economic indicators suggests…

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