Summary Box: White House in search of future Fed board members
By APTuesday, March 2, 2010
Summary Box: White House mulls Fed openings
SEEKING FED MEMBERS: Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers are leading White House efforts to find candidates for the Federal Reserve Board. President Barack Obama will make the final picks, which must be confirmed by the Senate.
WHAT’S AT STAKE: Obama gets a chance to reshape the seven-member Fed board. There are two vacancies now; a third will come when Vice Chairman Donald Kohn leaves in late June.
POWER OVER ECONOMY: The Fed’s interest-rate decisions influence the economy, inflation and employment.
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