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News Now

Washington
Fed FDIC nominees approved by Senate Banking Committee
WASHINGTON (3/30/12)--The Senate Banking Committee Thursday approved five Obama administration nominees, including nominees for Federal Reserve and Federal Deposit Insurance Corp. positions.

The approved nominees are:

  • Fed Board of Governors nominees Jerome Powell and Jeremy Stein;
  • FDIC Board of Directors nominee Jeremiah Norton;
  • Office of Financial Research Director nominee Richard Berner; and
  • Troubled Asset Relief Program special inspector general nominee Christy Romero.
Committee chairman Tim Johnson (D-S.D.) said strong leadership is needed at these posts "to solidify our nation's economic recovery and to help prevent another financial crisis."

Johnson encouraged the full Senate to move quickly to consider and confirm the nominees. "They are qualified, they have the support of members in both parties, and there is no good reason to block their confirmation," he said.

President Barack Obama's recent National Credit Union Administration (NCUA) Board nominee, D.C. Government Employee's FCU President/CEO Carla León-Decker, withdrew her name from consideration earlier this year. León-Decker would have replaced Gigi Hyland, whose six-year term on the NCUA board ended in August, if confirmed.


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