Obama Taps Two For Fed Board

President Barack Obama announced Tuesday that he will be nominating Jerome Powell and Jeremy Stein for the Federal Reserve’s Board of Governors.

Powell previously served as a Treasury official in George H. Bush administration. Stein is an Economics Professor at Harvard and served as a member of MIT’s finance faculty for a decade.

“I am grateful that these individuals have agreed to serve their nation at this important time for our economy,” Obama said in a statement. “Their distinguished backgrounds and experience coupled with their impressive knowledge of economic and monetary policy make them tremendously qualified to serve in these important roles.”