Economics
Greenspan’s Bequest to Yellen Is Board Harmony Shown in Records
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Janet Yellen is poised to take charge of a Federal Reserve System where boardroom dissent has become increasingly rare, making the central bank’s governing body an unusual example of harmony in a divided capital.
Records spanning a quarter-century of meetings of the Fed’s Washington-based Board of Governors show a pattern of increasing unanimity among the members, who number seven when there are no vacant seats. Bloomberg News obtained the files from the Fed under a Freedom of Information Act request filed in 2011.