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Nearly 5 years in office, Obama only now gets to fill some key posts
WASHINGTON – Janet Yellen’s appointment as head of the Federal Reserve has attracted a lot of attention for her gender – she’ll be the first woman to head the world’s most influential central bank in its 100-year history. But as a lesson in presidential power and the importance of second terms, consider another fact: Yellen will be the first Democrat to hold the job in a generation.
By David Lauter
October 10, 2013