Senate Banking Committee Approves Federal Reserve Board of Governors Nominees
Aug 6, 2010
On Wednesday, July 28, 2010, the Senate Banking Committee approved the nominations of Janet L. Yellen for Vice Chair and member of the Federal Reserve Board of Governors, and Peter A. Diamond and Sarah Bloom Raskin for membership on the Federal Reserve Board of Governors. The nominees must now be cleared by a Senate vote, which Banking Committee Chairman Chris Dodd (D-CT) enthusiastically supports. His full statement may be found here.
The vote for these nominees is currently placed on the Senate calendar, although it may not occur until after the Senate returns from August recess on September 13, 2010.