Obama Plans Nominations of Powell, Stein for Fed

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Dec. 27 (Bloomberg) -- President Barack Obama said he plans to nominate two former U.S. Treasury Department officials for the Federal Reserve Board, including one who served in a Republican administration. Jerome Powell, an attorney who was a Treasury undersecretary for former President George H.W. Bush, and Jeremy Stein, a Harvard University economist who has advised the current administration, are Obama’s picks. Scott Lanman reports on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)

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