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Mr. Market Nips at Yellen’s Heels

Jan. 9 (Bloomberg) -- It’s a good thing Janet Yellen already knows where to find the women’s room at the Federal Reserve Board, because her first year as chairman could offer some interesting challenges.

No, I’m not talking about winding down the Fed’s asset-purchase program or assessing the costs and benefits of using a blunt instrument -- the federal funds rate -- to address long-term unemployment. I’m talking about something else.