Leading Senator Wants New Fed Governors Committed to Full Transparency, Consumer Protection

Huffington Post

The chair of a Senate panel overseeing the Federal Reserve wants the Obama administration to appoint Fed officials committed to transparency, consumer protection and lowering the unemployment rate -- three critical areas that the Fed needs to beef up.

In a Wednesday letter to Treasury Secretary Timothy Geithner and top White House economic adviser Lawrence Summers, Sen. Sherrod Brown (D-Ohio) expresses his concern about the two current vacancies on the Fed's seven-member Board of Governors and the impending vacancy to be created with the June departure of vice chairman Donald L. Kohn.

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