WASHINGTON (1/14/14)--President Barack Obama last week announced his intent to nominate two new Federal Reserve Board members and one current Fed member.
The expected nominees are:
Obama said the three potential Fed nominees "have the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy."
The seven-member Fed board currently is down to six members, and Chairman Ben Bernanke and board member Sarah Bloom Raskin are scheduled to depart soon.
Current Fed member Janet Yellen will succeed Bernanke as chairman when his term ends on Jan. 31. Her term as chairman will end Jan. 30, 2018.