Fed finally set for full complement of governors

federal reserve

The US Senate Banking Committee on Wednesday approved the nomination of Janet Yellen, the president of the San Francisco Federal Reserve, as vice-chairman of the central bank's Washington-based board of governors.

The committee also approved the addition of Peter Diamond, an academic, and Sarah Raskin, a state regulator, to the board, which give it seven members, taking it to the full complement for the first time since April 2006. Ben Bernanke, the chairman of the Fed, first took his current po

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