Friday, March 12, 2010

News Alert: White House Identifies 3 to Fill Vacancies on Federal Reserve Board

Breaking News Alert
The New York Times
Fri, March 12, 2010 -- 1:37 PM ET
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White House Identifies 3 to Fill Vacancies on Federal Reserve Board

Moving quickly to put its mark on the Federal Reserve, the
White House on Friday identified two economists and a lawyer
as its choices to fill all three vacancies on the central
bank's board of governors.

The economists are Janet L. Yellen, president of the Federal
Reserve Bank of San Francisco, who is the top choice for vice
chairman, and Peter A. Diamond, an M.I.T. economist who is an
authority on Social Security, pensions and taxation. The
lawyer, Sarah Bloom Raskin, is the Maryland commissioner of
financial regulation.

The Obama administration stopped short of saying that it
would formally nominate all three to the Senate, stating only
that Ms. Yellen was "a leading contender" and that Mr.
Diamond and Ms. Raskin were "under consideration."

Read More:
http://www.nytimes.com?emc=na

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