Personal Finance Advice and Commentary

Tuesday, December 27, 2011 4:44 pm
By Claes Bell, CFA · Bankrate.com

President Barack Obama said Tuesday he’ll nominate Harvard economist Jeremy Stein and former private-equity executive Jerome Powell to the two vacant spots on the Federal Reserve Board of Governors. If confirmed, Stein and Powell will be part of the Federal Open Market Committee that sets short-term interest rate targets and monetary policy for the Fed.