Dear Democracy Now! Visitor: We are an independent, ad-free daily news program that serves millions of viewers and listeners each month. In this US election year, Democracy Now! is more important than ever. For 20 years, we’ve put a spotlight on corporate and government abuses of power. We lift up the stories of ordinary people working to make change in extraordinary times. We do all of this with just a fraction of the budget and staff of a commercial news show. We do it without ads, corporate sponsorship or government funding. How is this possible? Only with your support. A generous funder will match your donation dollar for dollar if you donate right now. That means when you give $10, your donation will be worth $20. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you every day.

Your Donation: $

White House Unveils Fed Nominees

December 28, 2011
Headlines

The White House has announced plans to nominate two former Treasury Department officials to the Federal Reserve. Jeremy Stein, a Democrat, is a Harvard University professor who has served on the White House National Economic Council and as an adviser to Treasury Secretary Timothy Geithner. Meanwhile, Jerome "Jay" Powell, a Republican, is a former financial executive who worked under George H. W. Bush. He spent nearly a decade with the private equity firm, the Carlyle Group, and worked as a lawyer and investment banker on Wall Street.


The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.