Obama nominee underlines change at the Fed

The nomination of Daniel Tarullo, law professor at Georgetown University and regulation expert, to the Board of Governors of the Federal Reserve provides early evidence of the way the central bank is being reshaped in the aftermath of the financial crisis.

Tarullo was nominated earlier this month to fill the position of Randall Kroszner at the Board of Governors.

Barack Obama, the American president-elect, unveiled the nomination of Tarullo at the same time as announcing Mary Shapiro and Gary

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