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Grand Central: Fed Reinforcements on the Way
Posted to: Around The Web
Friday, April 25, 2014 5:57 AM

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The Wall Street Journal's Daily Report on Global Central Banks for Friday, April 25, 2014 Sign up for the newsletter: http://on.wsj.com/grandcentralsignup . Janet Yellen got good news from the Senate Banking Committee Thursday: The prospect of reinforcements. The panel will vote Tuesday on President Barack Obama's three nominees for seats on the seven-seat Federal Reserve Board of Governors. That increases the odds the group will be in place in time for the Fed's policy meeting June 18-19, when the central bank updates its interest rate and economic forecasts and Chairwoman Yellen holds her second press conference. The Fed is now operating with four governors – Ms. Yellen, Daniel Tarullo, Jeremy Stein and Jerome Powell. The three nominees are Mr. Powell, who has been tapped for


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Mortgage Rates:
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