President Obama's appointment of three Federal Reserve governors would bring the board to full strength for the first time in four years, helping Chairman Ben S. Bernanke manage a withdrawal of record monetary stimulus and an overhaul of bank supervision.
Obama Thursday announced his choice of Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to be vice chairman of the board under Bernanke.
Also named was Sarah Bloom Raskin, Maryland's commissioner of financial regulation, and Peter Diamond, an economics professor at the Massachusetts Institute of Technology, to the seven-member board. The three are subject to Senate confirmation.
Obama said in a statement that the "depth of experience these individuals bring in economic and monetary policy, financial regulation and consumer protection will make them tremendous assets at the Fed."