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On January 6, the U.S. Senate voted 56-26 to confirm Janet Yellen to be Chairman of the Board of Governors of the Federal Reserve. Ms. Yellen will begin her appointment after Chairman Bernanke steps down at the end of January.
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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