Obama Said to Choose Powell for Another Fed Governor Term
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President Barack Obama plans to nominate Jerome Powell, a former partner at Carlyle Group LP, to serve another term on the Federal Reserve Board, according to a government official briefed on the matter.
Powell’s reappointment, coinciding with record Fed stimulus, would provide some continuity during a transition of leadership and membership on the Board of Governors. Obama has nominated Vice Chairman Janet Yellen to succeed Ben S. Bernanke, whose term as chairman ends Jan. 31, and has three other governor vacancies to fill on the board.