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IPFS News Link • Federal Reserve

Obama's likely choices for Federal Reserve indicate a more activist role

• Washington Post

President Obama's likely selections for three top positions at the Federal Reserve signal that he wants the central bank to focus on driving down unemployment and taking a more active role in protecting consumers.

The president's choices would bolster the faction of Fed officials -- including Chairman Ben S. Bernanke -- who are inclined to keep interest rates extremely low to try to bring down the jobless rate. A smaller group worries that doing so could lead to a spike in inflation.