Senate confirms 2 Federal Reserve board nominees

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

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.

Did you think that, in the aftermath of the government shutdown and debt-ceiling standoff, things were getting less confrontational in Congress?

Report from Leen’s Lodge We are fifty people gathered here in the annual assemblage of opinion, incantation, invective, and argumentative dialogue. Put 50 economists and financial gurus in one place and you will certainly have 51 opinions. This year is no exception.

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.