WASHINGTON — The Senate Banking Committee on Thursday approved two nominees for the Federal Reserve Board plus three other nominees for financial regulatory posts.
Approved were Jerome Powell and Jeremy Stein, who were nominated as governors at the Fed; Jeremiah Norton, who is up for a slot on the board of the Federal Deposit Insurance Corp.; Richard Berner, the nominee to head the new Office of Financial Research; and Christy Romero, the nominee for special inspector for the Troubled Asset Relief Program.
Only the Fed nominees drew opposition, with Republican Sens. David Vitter and Jim Demint voting against both.
The five nominations now go to the full Senate.
Senate sources are hopeful that the Senate will vote on a slate of financial regulatory nominations before the chamber leaves this week for spring recess. Already waiting for a Senate vote are Martin Gruenberg, the FDIC's acting chairman, and Thomas Curry, the nominee for comptroller.