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Roswell Daily Record in Roswell, New Mexico

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Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

Mar 14, 2010

Page

21

Yellen as Fed Vice Chair Could Favor Low Rates

President Obama weighs Janet Yellen for Fed vice chairman and considers two other nominees to boost Ph.D. economic and financial regulatory expertise. If confirmed, the trio would guide policy during a fragile recovery amid unemployment, foreclosures and credit access, with Yellen seen as dove on inflation.

Washington Barack Obama Janet Yellen Federal Reserve Obama Fed Senate Democratic Party Yellen Federal Reserve Bank of San Francisco Ing Robert Gibbs White House Bill Clinton Ben Bernanke Ken Thomas San Francisco Sarah Raskin Maryland Peter Diamond Massachusetts Institute of Technology Tion Gibbs Diamond Kohn Bernanke Daniel Tarullo Georgetown Law Kevin Walsh Wall Street Elizabeth Duke Raskin Senate Banking Committee Congress

Retail sales post February gain amid snowstorm resilience

February retail sales rose 0.3 percent led by non autos, while autos fell 2 percent on Toyota recalls. Analysts warn spending gains depend on jobs and wages, but broader categories like appliances and restaurants posted solid gains signaling renewed consumer confidence. Nordstrom Macy's and Target cited as shoppers braved snow to shop.

Washington Stuart Hoffman PNC Financial Pittsburgh Commerce Department Toyota Reuters University of Michigan Paul Dales Capital Economics Congress Sal Guatieri BMO Capital Markets Wal-Mart Stores Inc International Council of Shopping Centers Nordstrom Inc Macy's Inc Target Corp New York Standard & Poor Labor Department Neil Menard Steben & Co Rockville

Stocks finish mixed after economic reports

Mixed economic data kept U S markets largely unchanged on Friday. The Dow edged higher while the S P 500 dipped and the Nasdaq slipped, with weekly gains led by bank optimism and Citigroup.

Also Mentioned on This Page

Century 21 Department Store Bill Davis Roswell Treasury New York Mercantile Exchange American International Group Inc MetLife Inc Citi Group
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