Doves Coming Home to Roost at Fed as Yellen Gets Suppport
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Janet Yellen will be getting a little more help from her friends next year -- or at least her allies at the Federal Reserve.
The annual rotation of voting members of the policy-setting Federal Open Market Committee will result in a 50-percent bloc of central bankers with dovish leanings, backing the chair’s views, up from 40 percent now, reckons Scott Minerd, chief investment officer at Guggenheim Partners LLC, which manages more than $210 billion in assets.