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Obama Picks Bipartisan Pair for Fed
Keywords:
The nomination of Harvard economist Jeremy Stein, who has experience in monetary policy and financial regulation, to the U.S. Federal Reserve Board of Governors. The nomination of Stein was presented to Congress by the Obama administration with the nomination of a Republican, Jay Powell. Powell served in the Bush administration as undersecretary of the Treasury for domestic finance. Powell has experience in investment banking and private equity. Powell graduated from Georgetown Law School and is now a visiting scholar at the Bipartisan Policy Center. Former Fed governor Laurence Meyer's firm, Macroeconomic Advisors, said in a letter to clients that the nominees would significantly help deliberations at the Fed, and bring expertise in areas that the Fed needs to strengthen. Stein's published work has endorsed higher capital standards for banks.
The nominations of Peter Diamond, Powell and Stein to the U.S. Federal Reserve
06/05/2011
The nominations of Republican Powell and Democrat Stein to the U.S. Federal Reserve Board of Governors by president Obama, after the nomination of Peter Diamond failed in the U.S. Congress.
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