Senate confirms two Federal Reserve nominees

Published June 12, 2014 8:08pm ET



The Senate confirmed two candidates to the Federal Reserve Board of Governors Thursday afternoon, bringing the total number of board members to five just one week before the central bank’s next monetary policy meeting.

Next week’s meeting of the Federal Open Market Committee will be the first since January in which presidential appointees will outnumber regional bank presidents among the members who will be voting on the decision about the country’s monetary policy.

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