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Obama Nominates Three to Federal Reserve Board

U.S. President Barack Obama has nominated three people to the board of the country's powerful central bank.Mr. Obama named Stanley Fischer, a former governor of Israel's central bank who holds dual U.S. and Israeli citizenship, to be vice chairman of the Federal Reserve. If confirmed by the Senate, the 70-year-old Fischer would replace Janet Yellen, who is taking over as Fed chair next month as the eight-year tenure of Ben Bernanke expires.The president also nominated Lael Brainard,...

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