If he’s successful with his latest nominations, Pres. Obama would become the first president...

|By:, SA News Editor

If he’s successful with his latest nominations, Pres. Obama would become the first president since Reagan to put someone new from an opposing party onto the Federal Reserve Board. The effort to pair Democrat Jeremy Stein with Republican Jerome Powell is an attempt to get past objections that scuttled the nomination of Peter Diamond to the Fed board.