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Senate committee backs 2 nominees for Fed's board

A Senate committee on Thursday approved President Barack Obama's two nominations to fill vacancies on the Federal Reserve's board. But prospects for a quick confirmation in the full Senate are uncertain.

Tags: Federal Reserve , Ben Bernanke , David Vitter , Congress , Senate

Thursday - 03/29/2012, 08:52pm EDT

Obama nominates 2 to Federal Reserve Board

While on vacation, President appoints a Democrat and Republican Jeremy Stein and Jerome Powell to the Federal Reserve Board of Governors.

Tags: Barack Obama , Ben Bernanke , Federal Reserve , Jerome Powell , Bipartisan Policy Center , Treasury Department

Tuesday - 12/27/2011, 03:50pm EST