The shrinking board of Fed governors

Nancy Marshall-Genzer and Shea Huffman Apr 30, 2014
HTML EMBED:
COPY

The shrinking board of Fed governors

Nancy Marshall-Genzer and Shea Huffman Apr 30, 2014
HTML EMBED:
COPY

The Fed’s Board of Governors is shrinking. There are supposed to be seven governors, but right now, there are just four, with three nominees awaiting Senate confirmation. And another vacancy is looming in May.

“We’ve never had a situation like we’re in now,” says Peter Conti-Brown, a fellow at Stanford law school who’s writing a history of the Fed. He says it’s rare to have so many vacancies on the board of governors.


We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.