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Office of the Comptroller of the Currency

Obama's Fed Picks Fail to Win Senate Approval

The U.S. Senate on Thursday approved dozens of Obama administration appointees, including top financial-industry regulators at three federal agencies.

But lawmakers failed to reach agreement on two outstanding nominees to the Federal Reserve Board, leaving the nominations of Jerome Powell, a former private-equity executive, and Jeremy Stein, a Harvard University economics professor, for a later date.

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