Senate confirms 2 Federal Reserve board nominees

The Senate Banking Committee on Tuesday confirmed the nomination of Stanley Fischer, the former president of the Bank of Israel, for the Federal Reserve's No.

Profiles of President Barack Obama's two nominees to the seven-member Federal Reserve Board who were confirmed by the Senate on Thursday.

The U.S. Senate unanimously confirmed two of the three outstanding Federal Reserve Board governor nominees, filling key slots on the central bank's board.

Senate Minority Leader John McCain. That's how Democrats are gleefully spinning a significant cave from Republicans that avoided the drastic Senate rules change known as the "nuclear option." 

The Senate’s votes to approve Jeremy Stein and Jerome Powell bring the seven-member Federal Reserve board to full strength for the first time since 2006, before the economic crisis struck.

Harry Reid takes aim at Republicans for blocking so many of Barack Obama's nominees:

The Senate appears closer than ever to undertaking the so-called "nuclear option" on Tuesday. After a 3.5-hour, unusual closed-door meeting on Monday night, the Senate did not have a deal to avert the "nuclear option" that would lead to significant rules changes in voting on President Barack Obama's executive nominees.