The Senate has confirmed Jerome Powell and Jeremy Stein as members of the Federal Reserve Board of Governors, marking the first time ever in the Obama Administration’s tenure that there are a full slate of seven governors serving. The vote resulted from compromise. Stein, a Harvard professor and Democrat, was confirmed 70-24, and Powell, a [...]

I don’t think there’s been a complete slate on the Federal Reserve Board of Governors during the entire Obama Administration. But that would end if they somehow got these two economists past the Senate for confirmation. The Obama administration has identified two economists, one Democrat and one Republican, for two empty seats on the seven-member [...]