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  • Obama File 104 Radical Royalty - Obama's Federal Reserve Pick - Sarah Bloom Raskin

    05/26/2010 8:24:43 AM PDT · by Nachum · 10 replies · 225+ views
    New Zeal ^ | 5/25/10 | Trevor L.
    A seat on the U.S Federal Reserve Board, carries tremendous power. The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years. During that time, a board member can influence the financial policies of the world's most powerful economy. In some ways the seven men and women, have more power than Congress or even the President himself. That's why appointments to the Federal Reserve Board deserve as much scrutiny as those to the Supreme Court. President Barack Obama recently made three nominations...