Obama nominates 3 to Federal Reserve board
President Barack Obama on Thursday nominated three new Federal Reserve Board members whose confirmation would appear to give Fed chief Ben Bernanke a firmer grasp on the course of interest rates.
● Janet Yellen, president of the San Francisco Federal Reserve Bank, to be vice chairman of the Fed's board of governors. She is nominated for a full 14-year term expiring in 2024.
● Peter Diamond, an economist at the Massachusetts Institute of Technology, for a term ending in 2014.
● Sara Bloom Raskin, the Maryland state banking regulator, for a term ending in 2016.