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Senate committee confirms Stanley Fischer, two other Fed nominees
Senate committee confirms Stanley Fischer, two other Fed nominees

The Senate Banking Committee confirmed the nomination of Stanley Fischer, the former president of the Bank of Israel, for the Federal Reserve's No. 2 job and also approved two other nominees to fill seats on the central bank's short-handed board. Senators approved the nominees Tuesday by a voice vote, sending the nominations to the full Senate for expected approval in the coming weeks. Committee Chairman Tim Johnson (D-S.D.) said the three were “extremely well qualified” and that he wanted to act quickly to get them on the Fed's board. Sen. David Vitter (R-La.) was the only committee member who asked to be recorded as voting against the nominees. Before the...

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