Subject: Wonkbook: Clinton to support Federal Reserve change sought by liberals
From: The Washington Post <[email-masked]>
To: [email-masked]
Date: Fri, 13 May 2016 12:00:38 -0400

Read on the Web >> <http://link.washingtonpost.com/public/6717573>

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Sen. Bernie Sanders reacts to Hillary Clinton's answer to a question during a Democratic debate hosted by MSNBC at the University of New Hampshire on Feb. 4  in Durham. (AP/David Goldman)
By Ylan Q. Mui
Democratic presidential front-runner Hillary Clinton said she would support changes to the top ranks of the Federal Reserve, an issue recently championed by progressive groups amid debate over how long the central bank should keep supporting the American economy.
The Fed is led by a seven-member board of governors based in Washington and a dozen regional bank presidents based across the country, from New York to Kansas City to San Francisco. The governors are nominated by the White House and approved by the Senate, but regional bank presidents are selected by their boards of directors, whose occupants are chosen by the banking industry and by the Fed governors in Washington.
In a statement to The Washington Post, Clinton’s campaign said she supports removing bankers from the boards of directors and increasing diversity within the Fed.
Read more on Wonkblog.

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Chart of the day
Trade with China has driven a wedge into American politics, new research suggests, pushing congressional Republicans further to the right. Max Ehrenfreund has more.

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