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donald kohn
Federal Reserve Vacancies Spell Opportunity for Obama
By Tom Diemer - Politics DailyThe members of the Federal Reserve board may be nameless and faceless to the general public, but the announcement that Vice Chairman Donald L. Kohn is retiring opens up a huge opportunity for President Obama, who soon will have three vacancies to fill on the central bank's seven-member body. The open seats will likely prompt debate over the priorities of the Federal Reserve: whether to pursue monetary policies friendly to job growth or continue on the path as the nation's chief inflation fighter through tinkering with interest rates. Princeton economics professor Alan S. Blinder said party ...
Donald Kohn, Federal Reserve Vice Chairman, Will Retire in June
By David Sessions - Politics DailyFederal Reserve vice chairman Donald Kohn said Monday that he would retire from the seven-member board when his term expires in June, the New York Times reports. The departure of Kohn, who played a significant role in shaping the Fed's response to the 2008 financial crisis, will increase the number of vacancies on the board to three, allowing the Obama administration to exert considerable influence over U.S. monetary policy. The White House said Kohn's decision was "his alone" and that President Obama will name a successor before his term as vice chairman ends on June 23. Kohn could have ...
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