Independent news has never been so important.

Did you know that you can get Democracy Now! delivered to your inbox every day? Sign up for our Daily News Digest today! Don't worry, we'll never share or sell your information.

White House Unveils Fed Nominees

HeadlineDec 28, 2011

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.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top