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Fed Nominees Endorse Central Bank's Current Direction

Three nominees to the Federal Reserve's board sailed through a brief confirmation hearing Thursday, assuring senators of their commitment to strengthen financial regulation and stimulate the economy. Stanley Fischer , nominated as vice chairman; Lael Brainard , a former Treasury undersecretary; and Jerome Powell , a current Fed governor nominated to a new term, were all warmly endorsed by Democrats on the Senate Banking Committee , who control the confirmation process.

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