President Barack Obama said he intends to nominate Janet Yellen, Peter Diamond and Sarah Bloom Raskin to serve as governors on the Federal Reserve Board. Yellen is president of the San Francisco Federal Reserve Bank, Diamond is an economics professor at the Massachusetts Institute of Technology and Raskin is the Maryland banking commissioner. The seven-member Federal Reserve Board currently has two vacancies. Gov. Donald Kohn recently said he wants to step down when his term on the board expires June 23.
Processing Content
