federal reserve board members
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Interview with Federal Reserve board members Cynthia Parker and Betsy Lawer
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The Federal Reserve Board named 10 new members to its Consumer Advisory Council last month, including San Diegan Jim Park, president of the Asian Real...
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SAN FRANCISCO -- The Federal Reserve Bank of San Francisco announced today that Charles H. Smith, president and chief executive officer of AT&T West h...
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The dramatic economic slowdown this summer has provoked an increasingly contentious debate among analysts, including an unusually public split among members of the Federal Reserve Board, over the U.S. economy's long-term outlook and the possibility of a Japan-like "lost decade.
The Fed's gloomy assessment this week, combined with a spate of poor U.S. economic numbers, is raising the stakes in the escalating argument between top economic thinkers fearful that the nation is headed for a decade of decline and stagnation versus those who think it's a temporary funk driven by businesses and consumers grappling with uncertainty from a deluge of regulatory and tax changes.
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The Federal Reserve Board named 10 new members to its Consumer Advisory Council for three-year terms. The council advises the board, as prescribed by the Consumer Credit Protection Act. The council meets three times per year in Washington, D.C. Among the new members are: Saurabh Narain of Chicago, Kevin Rhein of Minneapolis, and Jennifer Tescher of Chicago. Separately, Bank technology company Precision Computer Systems was selected to provide outsourced processing by a northern Utah community, the Sioux Falls, S.D.-based company recently announced. The Federal Home Loan Bank of Chicago awarded $9.8 million in Affordable Housing Program funds in its second round of grants for 2007.
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The Federal Reserve Bank of Kansas City's Oklahoma City branch made the following appointments to its board of directors:
Richard K. Ratcliffe, chairman of Ratcliffe's Inc. in Weatherford, was reappointed to the branch board and will serve as chairman of the board in 2007.
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WASHINGTON, D.C. - The U.S. Holocaust Memorial Museum was shuttered Thursday as it mourned a guard who died stopping a rifle attack by a gunman identified by authorities as an 88-year-old white supremacist.
James W. von Brunn, a Holocaust denier who once tried to kidnap members of the Federal Reserve Board, is the suspect in Wednesday's assault at the museum. Guard Stephen T. Johns was killed.
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WASHINGTON (AP) -- Putting a bigger stamp on the Federal Reserve Board, President Barack Obama is set to name Janet Yellen as vice chairwoman of the central bank and fill two other vacancies on the board, which has enormous power over Americans' pocketbooks.
The nominations are subject to Senate approval. If the Senate confirms all three nominees, Obama will have appointed five of the seven members of the Federal Reserve Board.
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WASHINGTON (AP) -- Two new members have been installed on the Federal Reserve Board, which has enormous power over Americans' pocketbooks.
Janet Yellen becomes vice chairwoman, the Fed's second-highest- ranking official, and Sarah Bloom Raskin is now a governor. Both were sworn into their jobs today. They were tapped by President Barack Obama to fill vacancies on the Fed's seven-member board in Washington.