Developing...
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UPDATE 1
The Wall Street Journal is reporting that President Obama will nominate in the East Room of the White House, tomorrow at 3:00 ET, Janet Yellen for Fed chair.
UPDATE 2
MUST READ; Everything you need to know about Janet Yellen is here.
Time of this announcement, IMO, is to try to stem stock market sell-out, & take a little heat off Obama.
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