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U.S. Senator Ted Cruz, a leading conservative voice, said he has an "open mind" on President Barack Obama's selection of Janet Yellen to lead the Federal Reserve. Yellen, the Fed's current vice chair, has been a strong proponent of the use of ultra-easy monetary policy to boost U.S. economic growth. Obama's pick of Yellen to replace current Fed Chairman Ben Bernanke when his term expires in January will require Senate confirmation.