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28th April 2010, 11:33 PM
Yellen, Diamond, Raskin to Fed Board, As Expected - WSJ
Wednesday, April 28, 2010
WASHINGTON (MNI) - The three names floated by the White House weeks ago are turning into nominations to Federal Reserve Board positions, with San Francisco Fed President Janet Yellen to be vice chair and economist Peter Diamond and Maryland State banking regulator Sarah Bloom Raskin rounding out the formal announcements Thursday, the Wall Street Journal reported.
While not expected to prompt any major shift in rate policy, the nominees will reinforce the Board's lean toward policymakers eager to fashion guardrails that protect the financial system from excessive risk taking.
If the new nominees are confirmed by the Senate, President Obama will have installed four of the seven governors since taking office and has given Ben Bernanke a second four-year term as chairman as well, the newspaper noted.
http://imarketnews.com/node/12592
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Wednesday, April 28, 2010
WASHINGTON (MNI) - The three names floated by the White House weeks ago are turning into nominations to Federal Reserve Board positions, with San Francisco Fed President Janet Yellen to be vice chair and economist Peter Diamond and Maryland State banking regulator Sarah Bloom Raskin rounding out the formal announcements Thursday, the Wall Street Journal reported.
While not expected to prompt any major shift in rate policy, the nominees will reinforce the Board's lean toward policymakers eager to fashion guardrails that protect the financial system from excessive risk taking.
If the new nominees are confirmed by the Senate, President Obama will have installed four of the seven governors since taking office and has given Ben Bernanke a second four-year term as chairman as well, the newspaper noted.
http://imarketnews.com/node/12592
:oo-->