Obama announces Yellen's nomination for Fed chair

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Obama announces Yellen's nomination for Fed chair

Obama announces Yellen's nomination for Fed chair
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Obama announces Yellen's nomination for Fed chair

CBSTV Videos 3:03 mins

President Obama announces his nomination of Janet Yellen, currently the vice-chair of the Federal Reserve, to be the next head of the central bank, praising Yellen as a "proven leader."

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