The Federal Reserve's Open Markets Committee opens two days of meetings Wednesday amid growing speculation about whom President Barack Obama will nominate to steer the nation's financial policy after Fed Chairman Ben Bernanke's term ends early next year.
The two presumed frontrunners, former Treasury Secretary Lawrence Summers and Fed Vice-Chair Janet Yellen, both have active rooting sections. And there's plenty of handicapping about which one is in a better position to win favor of the president -- and the senators who must confirm the appointment. From our perch at Sunlight covering the political influence game, however, there ...Continue reading
A Bloomberg attempt to pry open the Federal Reserve moved forwards this week as Manhattan Chief U.S. District Judge Loretta... View ArticleContinue reading