Yellen endorses calls for ‘community banker' on Fed board

Federal Reserve chair Janet Yellen

Federal Reserve chair Janet Yellen today told the US Senate's banking committee she supports their desire to see a community banker take up one of the two remaining vacancies on the Fed's board of governors – but would oppose any moves to legislate to ensure that happens.

Leading US politicians have been lining up in recent weeks to bemoan this apparent gap in the expertise of the current roster of Fed governors, with Mike Crapo, Senator for Idaho and a ranking of the committee, today adding his

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