Yellen Will Be `Data-Driven' Fed Chairman

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Oct. 9 (Bloomberg) -- Randall Kroszner, a professor at the University of Chicago's Booth School of Business and a former Federal Reserve governor, talks about the nomination of Janet Yellen as chairman of the Federal Reserve and the prospects for monetary policy. President Barack Obama will announce the nomination at 3 p.m. today, a White House official said in an e-mailed statement. Kroszner speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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