Senate Banking Committee to Vote on Fed Nominees on March 29
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The Senate Banking Committee plans to vote on President Barack Obama’s two nominations to the Federal Reserve Board of Governors on March 29, according to a statement posted on the committee’s website today.
Committee approval would move Jerome Powell, a former private equity manager and Treasury undersecretary under President George H.W. Bush and Jeremy Stein, a Harvard University economist and former adviser to Treasury Secretary Timothy F. Geithner, a step closer to taking seats on the board. They would still require a favorable vote by the full Senate.