Muscatine

WASHINGTON – Putting a bigger stamp on the Federal Reserve, President Barack Obama is set to name Janet Yellen as vice chairwoman of the central bank and fill two other vacancies on the board, which has enormous power over Americans' pocketbooks.

The nominations are subject to Senate approval. If the Senate confirms all three nominees, Obama will have appointed five of the seven members of the Federal Reserve Board.

Obama's moves come as the Fed, whose decisions influence economic activity, employment and inflation, is facing political and economic challenges.

http://news.yahoo.com/s/ap/20100429/ap_on_bi_ge/us_obama_fed_nominees;_ylt=AtX7Xs30X3jytgWMP6A4nA92wPIE;_ylu=X3oDMTNhbG4waGd2BGFzc2V0A2FwLzIwMTAwNDI5L3VzX29iYW1hX2ZlZF9ub21pbmVlcwRjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzMEcG9zAzMEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNvYmFtYXRvbmFtZXk-

Gosh, davie...another post with no responses 'til I pointed this out! Lack of original thought again....