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Fed Confirmations

By: killthecat in FFFT | Recommend this post (0)
Fri, 18 May 12 1:41 AM | 33 view(s)
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WASHINGTON (AP) — The Senate has confirmed President Barack Obama's two nominees to the Federal Reserve Board, bringing the seven-member board to full strength for the first time since April 2006.

Harvard economics professor Jeremy Stein, a Democrat, was confirmed Thursday on a 70-24 vote. Former private equity executive (Carlyle Group) Jerome Powell, a Republican, was confirmed, 74-21.





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