WASHINGTON Janet Yellen is expected to take a more hands-on role in bank regulation than her predecessors if she is confirmed to be the next chairman of the Federal Reserve Board.
For the first time since former Chairman Paul Volcker, Yellen would come to the job with significant bank regulatory experience, having served as the head of the Federal Reserve Bank of San Francisco for six years. Although former Fed chairmen Alan Greenspan and Ben Bernanke often delegated regulatory matters to other Fed governors or staff, Yellen is expected to tackle issues directly, according to former colleagues and others that know her well.
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