Janet Yellen is poised to take charge of a Federal Reserve System where boardroom dissent has become increasingly rare, making the central bank’s governing body an unusual example of harmony in a divided capital.
Lael Brainard, the U.S. Treasury Department’s top international official, is likely to be nominated to the Federal Reserve Board, according to a person familiar with the decision who requested anonymity.
Elizabeth Duke’s resignation from the Federal Reserve Board and Chairman Ben S. Bernanke’s potential departure in January could set off a series of vacancies and appointments that give President Barack Obama the opportunity to leave his mark on the Fed for a decade or longer.
President Barack Obama plans to nominate Jerome Powell, a former partner at Carlyle Group LP, to serve another term on the Federal Reserve Board, according to a government official briefed on the matter.
When President Barack Obama became the first president to nominate a woman to head the Federal Reserve, he elevated Janet Yellen to a global position of influence that shows how wide the gap remains for women to achieve equal representation in positions of power.