Obama Nominates Three To Fed Board Of Governors

Law360, New York (January 10, 2014, 1:26 PM EST) -- President Barack Obama on Friday announced three nominations to fill vacant seats on the Board of Governors of the Federal Reserve, including the candidacy of former Bank of Israel Gov. Stanley Fischer to be the new Fed vice chairman.

Along with Fischer's nomination, Obama said he intends to nominate former Treasury Under Secretary Lael Brainard and renominate current Fed Gov. Jerome Powell to fill out the central bank's seven member board of governors. The nominations come at a challenging time for the Fed as the central...
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