Fed nominees close in on board member jobs

stanley-fischer
Stanley Fischer

Stanley Fischer is on track to become the Federal Reserve's second in command after the former Bank of Israel governor was confirmed yesterday by the US Senate Banking Committee to fill current Fed chair Janet Yellen's old seat.

Fischer, who was nominated by President Barack Obama to replace Yellen as the bank's vice-chair in January, was confirmed alongside fellow nominees Jerome Powell, a Fed governor since 2012 whose term officially expired on January 31, and Lael Brainard, a former US Treasu

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