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Author Topic: "Obama picks three for Federal Reserve"  (Read 1050 times)
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WhiskeyGirl
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« on: April 28, 2010, 08:37:41 PM »

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Obama picks three for Federal Reserve
   
President Obama plans to nominate three new Federal Reserve governors Thursday, an administration official said, seeking to fill out the central bank's leadership at a delicate time for the economy and a time of uncertainty for the Fed's mission.

Obama will nominate Janet Yellen, currently president of the Federal Reserve Bank of San Francisco and a close collaborator with Fed Chairman Ben S. Bernanke, as vice-chairman of the Fed. He will also nominate Sarah Bloom Raskin, the Maryland Commissioner of Financial Regulation, and Peter Diamond, an MIT economist, to be Fed governors.

Quote
Peter Diamond, who turns 70 on Thursday, is an expert on Social Security and pension systems, areas outside the normal focus of the Fed, and has collaborated with Obama budget director Peter Orszag on research. He is not well known among the sometimes insular world of monetary economists and Fed officials, though administration officials view him as a creative thinker who could bring fresh eyes to the challenges facing the central bank in a time of economic uncertainty.

more here - http://www.washingtonpost.com/wp-dyn/content/article/2010/04/28/AR2010042804566.html?hpid=topnews

Why not audit and abolish the Federal Reserve?

Find out what's on the books?  Where all the money is going?

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