The Traderszone Network

Published in TZ Latest News 25 July, 2014 by The TZ Newswire Staff

Obama’s running out of time to fill vacant Fed board seats

President Barack Obama is running out of time to fill two empty seats on the Federal Reserve Board of Governors this year, just as U.S. central bankers start to lay plans to exit from record monetary easing. The White House hasn’t nominated anyone for the seats on the seven-member board, and even someone submitted this week wouldn’t be confirmed until two weeks after the Nov. 4 elections, if history is any guide: the Senate has taken an average of 119 days to confirm Obama’s 10 Fed Board nominations since 2009.

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