Obama urged to fill Fed board with community bankers and financial reform champions

Leading senators call for action in letter


Two high-profile Democrats on the US Senate Banking Committee this week urged President Barack Obama to fill the remaining vacancies on the Federal Reserve Board with community bankers who have shown a "strong commitment to financial reform".

The Fed's top governing body – whose members sit on the Federal Open Market Committee, but also make regulatory decisions – formally comprises seven seats. It is, however, operating at half-strength following the departures of Sarah Bloom Raskin in March

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