Fed Official Hints At Longer Period For Low Interest Rates

From AP via CBS MoneyWatch

Federal Reserve Vice Chairman Janet Yellen says the central bank may keep its key short-term interest rate at a record low even after unemployment falls close to a more normal level.

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CR has more on Fed Vice Chair Janet Yellen's speech.

She's likely high on Obama's list to replace Bernanke if he chooses to step down as Fed Chairman in January 2014