Janet Yellen's first public words after being nominated as the next US Federal Reserve chairman, not only confirm that jobs will be her priority but also suggest she may finally be able to connect the central bank with the American public. Striking a slightly populist tone, Yellen said her priority would be to create employment, while keeping inflation in check. The mandate of the Federal Reserve is to serve all the American people and too many Americans still can't find a job and worry how they will pay their bills and provide for their families, Yellen said on Wednesday. The Federal Reserve can help if it does its job effectively. Those sentiments explain why Obama is content with having a champion for American workers, given he wants the current 7.3% unemployment rate to be lower when he exits office in 2016. (VIEW LINK)
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