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More engaging face of the Fed

A Fed under Yellen would be as consensus-driven and communicative as under her two predecessors

Major feat: Nominated by Mr Obama to be the next Fed chairman, Ms Yellen has advanced the discussion of Fed policymaking and transparency. - PHOTO: REUTERS

FEDERAL Reserve vice-chair Janet Yellen has been nominated by President Barack Obama to be the next Fed chairman. Her public mien is gentle and engaging, qualities that are likely to expedite her confirmation process and also influence her leadership of the Fed.

Things were not always so...