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Obama's pick: job creation must be `high priority'

Obama's pick: job creation must be `high priority'

Janet Yellen, the president's pick to be the second-highest ranking official at the Federal Reserve, is telling Congress that invigorating the recovery and reducing unemployment is a "high priority."
Yellen, president of the Federal Reserve Bank of San Francisco, makes the comments Thursday in prepared remarks to the Senate Banking Committee. The panel is considering Yellen's nomination along with President Barack Obama's nominees for two other positions on the Fed.
As vice chairwoman, Yellen's duties would include helping build support for policy positions staked out by Fed Chairman Ben Bernanke, who began a second term in February.


Updated : 2021-05-09 07:20 GMT+08:00