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Senator Schumer sees easy confirmation of Yellen as Fed chair

WASHINGTON (Reuters) - U.S. Senator Charles Schumer, the third-ranking Senate Democrat, on Tuesday predicted that Janet Yellen will win "by a wide margin" Senate confirmation to be the next head of the Federal Reserve Board.

On Wednesday, President Barack Obama is expected to formally announce his choice of Yellen to head the central bank, replacing Ben Bernanke.

(Reporting By Richard Cowan; Editing by Sandra Maler)