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October 10, 2013

Yellen would take over a Fed that's light on public dissent

Washington has had plenty of time to chew over Janet Yellen’s nomination to lead the Federal Reserve, but a key question remains: Would she change the way the central bank oversees Wall Street?

There are plenty of guesses and informed chin-stroking among Fed watchers in Washington and New York, with the conventional wisdom being that a Yellen-led Fed would stay its regulatory course.

But outside of a few speeches, there is very little evidence of where Yellen, the Fed vice chairman since 2010, thinks the Fed has gotten Wall Street oversight right since the 2008 financial crisis and where more needs to be done.”

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