November 13, 2013
In this Monday, June 3, 2013, file photo, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, places her name plate at her seat at the International Monetary Conference in Shanghai, China. Janet Yellen is expected to face skepticism at a hearing Wednesday, Nov. 13, 2013, on her nomination to lead the Federal Reserve from Republicans who say the Fed's policies may be swelling asset bubbles or raising the risk of high inflation.
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Janet Yellen says the economy has regained ground lost to the deepest recession since the 1930s. But she says unemployment remains too high at 7.3 percent and notes that the Fed is still trying to accelerate the economy's recovery.
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