» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 38 | NO. 10 | Friday, March 7, 2014

3 Fed nominees signal support for current policy

Print | Front Page | Email this story

WASHINGTON (AP) — Three nominees for the Federal Reserve's board are expressing their support for the Fed's efforts to bolster the U.S. economy. Their comments suggest that the Fed's low-interest-rate policies will continue if they win confirmation.

Stanley Fischer, who has been nominated to be vice chairman of the board; Lael Brainard, a former Treasury undersecretary; and Jerome Powell, a current board member who has been nominated for another term, all endorsed the Fed's current policy stance under Chair Janet Yellen.

Senate Banking Committee Chairman Tim Johnson, D-S.D., says he supports the three nominees and hopes the full Senate quickly confirms them to fill vacancies on the Fed's seven-member board.

The three were nominated by President Barack Obama in January. Yellen took over as Fed chair on Feb. 3, succeeding Ben Bernanke.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0