Too Small to Matter?
This article is for subscribers only.
Jan. 14 (Bloomberg) -- There is a long-standing traditionthat a community banker, or someone close to that sector, serveson the Board of Governors of the Federal Reserve System.
Elizabeth Duke, who ably represented this constituency,stepped down from the board in August 2013. The Barack Obamaadministration’s proposed replacements on what has become thesingle most important regulatory body for U.S. and globalfinance have very different backgrounds. This is a problem forcommunity banks and the broader economy.