Fed Candidate Endorsed

Sat., Aug. 6, 1994

From Staff

President Clinton’s nomination of economist Janet L. Yellen to the Federal Reserve Board was endorsed 18-1 Friday by the Senate Banking Committee.

Her confirmation, expected by the full Senate later this month, would bring the seven-member board to full strength for the first time since midFebruary.

Princeton University economist Alan S. Blinder, formerly a member of the White House Council of Economic Advisers, was sworn in as Fed vice chairman in June.

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Fed Candidate Endorsed

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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