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Thursday, September 30, 2010

Federal Reserve Board Nominations Confirmed

Brad DeLong reports:

Finally..., by Brad DeLong: At least one year late and many dollars short:

Nominations Confirmed: September 29: These nominees were confirmed by Voice Vote:

Sarah Bloom Raskin, of Maryland, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2002

Janet L. Yellen, of California, to be a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2010

Janet L. Yellen, of California, to be Vice Chairman of the Board of Governors of the Federal Reserve System for a term of four years

We need a very different senate.

Will this change the balance of power enough to make a big difference? I hope so, but I'm not so sure that it will.

    Posted by on Thursday, September 30, 2010 at 12:33 AM in Economics, Monetary Policy, Politics | Permalink  Comments (6)


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