Yellen as Fed chairwoman would be tougher on banks

Janet Yellen is in the running to become chairwoman of the Federal Reserve and that has many bankers and Wall Street titans worried. The diminutive vice-chairwoman of the U.S. central bank — an academic economist who is married to a Nobel Prize-winning economist — is known to be a formidable intellect and a force on the interest rate-setting Federal Open Market Committee. Her views on financial market regulation — an area where she’d have tremendous power as leader of the central bank — are less...

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