You're watching...

Obama Nominates Two to Federal Reserve Spots

Details

  • Description

    FBN’s Adam Shapiro on Obama nominating Jerome Powell and Jeremy Stein to the Federal Reserve Board of Governors.

  • Duration 0:51
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

I'm Adam Shapiro -- Fox Business -- mixed news on the US economy.

Took a -- on Wall Street today consumer confidence surged to an eight month high but home prices dropped in major cities at the closing bell.

The Dow take the point -- to 121291.

President Obama is set to fill two vacant positions at the Federal Reserve the White House says -- president will nominate Jeremy Stein a Harvard University finance professor.

And -- -- -- -- of former private equity executives the Fed's board of governors.

Both men have held positions at the Treasury Department in the -- and democratic senator Ben Nelson of Nebraska plans and that.

Time and effort to terms seventy year old conservative says he wants to spend more time his family and look rather wait sir.

Nelson has been in the senate since -- out at the latest from the Fox Business Network giving you the --