Some Senate Democrats to Obama: Pick Yellen for Fed Chief

Source: Wall Street Journal

WASHINGTON—Senate Democrats are circulating a letter urging President Barack Obama to appoint Janet Yellen, the Federal Reserve Board of Governors vice chairman, to succeed Ben Bernanke as chairman of the central bank.

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"I can't find any support for Larry Summers on the Democratic side of the aisle," Mr. Harkin said.

Sen. Dianne Feinstein (D., Calif.) said she had signed the letter, as did Sen. Angus King, an Independent from Maine, who described Ms. Yellen as an "excellent candidate'' with "a strong track record.''

Sen. Dick Durbin (D., Ill.), the assistant majority leader, also confirmed the existence of the letter and said he also had signed it. He said the letter was being circulated by Sen. Sherrod Brown, a liberal Democrat from Ohio.



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