Senate Panel Backs Fed Vice Chairman Nominee
From Reuters
The U.S. Senate Banking Committee approved the nomination of Federal Reserve Board Gov. Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.
Kohn, who has served on the central bank’s board since August 2002, is a 36-year veteran of the Fed system.
If his nomination is approved by the full Senate he will be cleared to serve a renewable four-year term in the Fed’s No. 2 slot, succeeding Roger Ferguson.
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